A if a firm buys under terms of 315 net 45 but actually
a. If a firm buys under terms of 3/15, net 45, but actually pays on the 20th day and still takes the discount, what is the nominal cost of its non-free trade credit?
b. Does it receive more or less credit than it would if it paid within 15 days?
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a if a firm buys under terms of 315 net 45 but actually pays on the 20th day and still takes the discount what is the
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