Question: QUESTION TWO 2.1 (5 marks) Kane Industries normal credit terms to Spurs Limited are 45 days but is prepared to allow a 5.5% rebate if

QUESTION TWO 2.1 (5 marks) Kane Industries normal credit terms to

QUESTION TWO 2.1 (5 marks) Kane Industries normal credit terms to Spurs Limited are 45 days but is prepared to allow a 5.5% rebate if it pays the account within 15 days. Calculate the cost to Spurs Limited of not accepting the discount

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