Assume the credit terms offered to your firm by your


Assume the credit terms offered to your firm by your suppliers are 2?/15?, net 30.

Calculate the cost of the trade credit if your firm does not take the discount and pays on day 30.

?(Hint: Use a? 365-day year.)

The cost of trade credit is ?%

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Financial Management: Assume the credit terms offered to your firm by your
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