Country Pumpkin General Store Co. owes $73,000 to one of its' suppliers. The supplier has offered a
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Country Pumpkin General Store Co. owes $73,000 to one of its' suppliers. The supplier has offered a trade discount of 1.5/10 net 50. Their bank, Big City Slicker Bank, will loan the funds for 40 days at an interest rate of 9.5% annually. Calculate the cost of forgoing discount ?
Related Book For
Service Management Operations Strategy Information Technology
ISBN: 978-0077841201
8th edition
Authors: James Fitzsimmons, Mona Fitzsimmons, Sanjeev Bordoloi
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