Kearns, Inc. sells its goods with terms of 3/15 EOM, net 60. What is the implicit cost

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Kearns, Inc. sells its goods with terms of 3/15 EOM, net 60. What is the implicit cost of the trade credit? Round your final answer to the nearest whole percent. Do not round your intermediate calculations.

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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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Posted Date: Jul 17, 2022 01:16 AM

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Kearns, Inc. sells its goods with terms of 3/15 EOM, net 60. What is the implicit cost

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AnswerThe correct option d 28 E... View the full answer

Fundamentals of corporate finance

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