Mary Had a Little Lamb LLC., made a raw materials purchase of $50,000 with terms of 2/10
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Mary Had a Little Lamb LLC., made a raw materials purchase of $50,000 with terms of 2/10 net 30 on July 16th. What is the effective interest rate cost of giving up the discount?
Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
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