Orio limited entered into an agreement with its supplier on a terms of 2/10, net 45. Assuming

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Orio limited entered into an agreement with its’ supplier on a terms of 2/10, net 45. Assuming a 360 days year, determine the effective cost of trade credit?

a. 12.41%

b. Cannot be calculated

c. 12.24%

d. 23.09%

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Nature Of Mathematics

ISBN: 9781133947257

13th Edition

Authors: Karl J. Smith

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Posted Date: Jan 29, 2024 02:44 AM

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Orio limited entered into an agreement with its supplier on a terms of 2/10, net 45. Assuming

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