FCM Plumbing has a choice to pay the invoices owed to Reece Bathrooms Pty Ltd earlier or
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Question:
FCM Plumbing has a choice to pay the invoices owed to Reece Bathrooms Pty Ltd earlier or until the final bill due date 60 days later. They would obtain a 5% discount if paid within the next 10 days. What is the opportunity cost for FCM
Plumbing if they forgo this discount (in %) and decide to pay at the bill due date instead?
Your response must be entered as a numerical value with 3 decimal places and excluding the percentage sign (%).
Related Book For
Financial Management for Public Health and Not for Profit Organizations
ISBN: 978-0132805667
4th edition
Authors: Steven A. Finkler, Thad Calabrese
Posted Date: