Maltz landscaping has an average collection period of 33


Maltz Landscaping has an average collection period of 33 days for its accounts receivable. Currently, Maltz factors all of its receivables at a 5 percent discount. What is the effective annual interest rate on the financing from the factor?

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Finance Basics: Maltz landscaping has an average collection period of 33
Reference No:- TGS0602612

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