If a firm buys on trade credit of 115 net 90 and decides to, Ask an Expert

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If a firm buys on trade credit of 1/15, net 90 and 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 1/15, net 90 is....?

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Financial Management, Finance

Category:- Financial Management
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