Question: Multiple Choice Question A company purchased inventory under terms 4 5 , n 3 0 . The effective annual interest rate for the cash discount

Multiple Choice Question
A company purchased inventory under terms 45,n30. The effective annual interest rate for the cash discount is:
58.4%
29.6%
5.0%
14.6%.
Multiple Choice Question A company purchased inventory under terms 45,n30. The

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