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Your firm-has A/P with credit terms of 1/15, net 30. What is the annualized cost of skipping the discount on day 15 and paying
Your firm-has A/P with credit terms of 1/15, net 30. What is the annualized cost of skipping the discount on day 15 and paying the full invoice amount on day 30? 24.6% 37.2% 18.6% 8.1%
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To determine the annualized cost of forgoing the discount we can use the formula textAnnua...Get Instant Access to Expert-Tailored Solutions
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