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March 29, 2015

Homework Help: Accounting

Posted by Tammy smith on Wednesday, July 24, 2013 at 4:04pm.

Trade credit discount. Compute the annual approximate interest cost of not taking a discount using the following scenarios. What conclusion can be drawn from the calculations? a. 1/10 net 30 b. 1/10 net 30 c. 1/10 net 40 d. 1/10 net 50 e. 1/10 net 60

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