Question 3
Pets Store Inc. sells on terms of 3/20, net 30. What is the effective annual cost of trade credit under these terms? Use a 365-day year. Round the answer to two decimal places in percentage form.
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Get The Answer 8A (Lock-box system, cost of trade credit)
Question 3
Pets Store Inc. sells on terms of 3/20, net 30. What is the effective annual cost of trade credit under these terms? Use a 365-day year. Round the answer to two decimal places in percentage form.
Previous answers to this question
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