If a firm buys on trade credit terms of 310 net 50 and, Ask an Expert

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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, what is annualized cost of forgoing the discount (assume a 360-day year)? The annualized cost of the trade credit terms of 3/10, net 50 is ___% (round two decimal places)

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Financial Management, Finance

Category:- Financial Management
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