Question
Your firm just purchased $100,000 in goods from your on trade credit terms of 2/10 net 30. Your opportunity cost of funds is 9%. Calculate
Your firm just purchased $100,000 in goods from your on trade credit terms of 2/10 net 30. Your opportunity cost of funds is 9%. Calculate the present value savings that would be earned if your firm makes payment on day 10 versus day 30. Should the firm take the discount?
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The Legal Environment Of Business
Authors: Nancy Kubasek
7th Edition
013354642X, 9780133546422
