Question: Crazy Cliffs Computers (CCC) purchases computer parts from its suppliers 2/5, net 30. What is the effective annual cost of not taking the trade discount?

Crazy Cliffs Computers (CCC) purchases computer parts from its suppliers 2/5, net 30. What is the effective annual cost of not taking the trade discount?

Select one:

2.00%

2.04%

27.43%

34.31%

None of the above.

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