Multiple Choice
Your firm purchases goods from its supplier on terms of 1/10,net 30.The effective annual cost to your firm if it chooses not to take advantage of the trade discount offered and stretches the accounts payable to 45 days is closest to:
A) 13.0%.
B) 11.1%.
C) 15.9%.
D) 20.1%.
Correct Answer:
Verified
Correct Answer:
Verified
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