Hanson Hardware, Inc. offers terms of 1/10, net 30. Assume that a year has 360 days, as
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Question:
Hanson Hardware, Inc. offers terms of 1/10, net 30. Assume that a year has 360 days, as is used in our WCM textbook. What annual opportunity cost rate is realized when a customer takes the 1% discount that Hanson Hardware offers on credit sales?
- What annual opportunity cost rate would apply if Hanson Hardware were to change its credit terms to each of the following options:
- 2/10, net 30.
- 1/10; net 45.
- 1/15, net 30.
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