Dixie tours inc buys on terms of 415 net 30 it does not


Dixie Tours Inc. buys on terms of 4/15, net 30. It does not take discounts, and it typically pays 35 days after the invoice date. Net purchases amount to $720,000 per year. What is the approximate percentage cost of its non-free trade credit?

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Finance Basics: Dixie tours inc buys on terms of 415 net 30 it does not
Reference No:- TGS0607949

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