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If a firm buys on trade credit terms of 3/10, net 50 and decides to forgo the trade credit discount and pay on the net day, wha...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.)
The annualized cost of the trade credit terms of 1/10, net 45 is ?%. (round to two decimal places.)
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