Jehnson Co. was extended credit terms of 3/15 net 30 EOM. The cost of giving up the cash discount, assuming payment would be made on the last day of the credit period, would be ________. If the firm were able to stretch its accounts payable to 60 days without damaging its credit rating, the cost of giving up the cash discount would only be ________.

Answer rating: 100% (QA)

Cost of giving up the cash discount Disc100 Disc x 365 Days Credi... View the full answer