Sybex Corp. sells its goods with terms of 1/7 EOM, net 31. What is the implicit cost

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Sybex Corp. sells its goods with terms of 1/7 EOM, net 31. What is the implicit cost of the trade credit? (Round intermediate calculations to 4 decimal places, e.g. 1.2541 and final answer to 2 decimal places, e.g. 12.25%.)

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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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Posted Date: Feb 27, 2019 01:55 AM

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Sybex Corp. sells its goods with terms of 1/7 EOM, net 31. What is the implicit cost

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Fundamentals of corporate finance

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