December 1, 2015

Homework Help: finance

Posted by james on Tuesday, November 27, 2012 at 12:03am.

The Ault Company made a credit sale of $15,000. The invoice was sent today with the terms, 3/15 net 60. This customer normally pays at the net date. If your opportunity cost of funds is 9% the expected payment is worth how much today?

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