Atlanta cement inc buys on terms of 215 net 30 it does not, Finance Basics

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Atlanta cement inc buys on terms of 215 net 30 it does not

Atlanta Cement, Inc. buys on terms of 2/15, net 30. It does not take discounts, and it typically pays 115 days after the invoice date. Net purchases amount to $720,000 per year. What is the nominal annual percentage cost of its non-free trade credit, based on a 365-day year?

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Finance Basics: Atlanta cement inc buys on terms of 215 net 30 it does not

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Finance Basics: Atlanta cement inc buys on terms of 215 net 30 it does not

Reference No:- TGS0613700

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

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Finance Basics: Atlanta cement inc buys on terms of 215 net 30 it does not

Reference No:- TGS0613700

Recent Questions Asked Finance Basics

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