Asked by monica

If a firm buys on trade credit terms of 1/10, net 45 decides to forgo the trade credit discount and pay on the net day, what is the annualized cost of forgoing the discount (assume a 360-day year)?
The annualized cost of the trade credit terms of 1/10, net 45 is ?%. (round to two decimal places.)

Answers

Answered by Jeremy
the annualized cost of the trade credit terms of 5/10, net 75 is ___%
Answered by mark
18%
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