Suppose one of the suppliers to the Baylor Scott & White Health System offers terms of 2/15, net 45. . How many days does the business have to pay its bill from this supplier in order to get the discount? . What is the approximate cost of the costly trade credit offered by this supplier? Note: Assume 360 days per year; format for 'b' is xx.x%

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215 net 45 means if bills paid within 15 days supplier wi... View the full answer