If a company is offered a 2/10, net 30 credit term, wha - Practice (English) | ObjectiveMcq

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If a company is offered a 2/10, net 30 credit term, wha - Practice (English) | ObjectiveMcq

PracticeBusiness ManagementWorking Capital ManagementIf a company is offered a 2/10, net...

Working Capital Management Business ManagementEasy

1,147 views

If a company is offered a 2/10, net 30 credit term, what is the effective annual cost of not taking the discount?

Correct Answer:

(A) Approximately 36.73%

Explanation:

Approximately 36.73%

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