Question: help asap pls Attempts Keep the Highest / 3 3. Cost of trade credit Firms usually offer their customers some form of trade credit. This
Attempts Keep the Highest / 3 3. Cost of trade credit Firms usually offer their customers some form of trade credit. This allowance comes with certain terms of credit, which will affect the actual cost of asset being sold for the buyer and the seller Consider this case: Free Spirit Industries Inc. buys most of its raw materials from a single supplier. This supplier sells to Free Spirit on terms of 2.5/15, net 30. The cost per period of the trade credit extended to Free Spirit is your final answer to two decimal places.). (Note: Round all intermediate calculations to four decimal places, and Free Spirit's trade credit has a nominal annual-cost decimal places, and your final answer to two decimal places.) assuming a 365-day year. (Note: Round all intermediate calculations to four If Free Spirit Industries Inc.'s supplier shortens its discount period to five days, this wit the cost of the trade credit Grade It Now Save & Continue Continue without saving
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