"Ma Belle" started business exactly a year ago. Its raw material is cotton fiber and its purchase for the year amounted to $2,000,000. Over the year, the term of purchase was 2/10, net 40. As an average 40% of such sales were purchased on a discount. The interest rate on a short-term loans is 8 % and the corporate tax rate is 40%.?

Answer rating: 100% (QA)

Answer and explanations 1 a 30610 Add corporate tax rate to the interest on the short term loan th... View the full answer