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Answer the following questions assuming a 360-day year. Required: (a) Calculate the approximate annual rate of return on investment of the following cash discount terms: (Do not round your intermediate calculations. Round your final answers to 1 decimal place. Omit the "%" sign in your response.) ROI 1/15, net 30 % 2/10, net 60 % 1/10, net 90 %

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9983033

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