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?

a. 27.43%

b. 2.04%

c. 2.00%

d, 34.31%

e. none of the above

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