Suppose your firm buys 1000 worth of supplies on credit


Suppose your firm buys $1,000 worth of supplies on credit with terms 3/15 n60. 

If you pay the bill on the 50th day after the purchase, what is the cost of the trade credit you have used for the 35-day period after the discount period ended?

 

 

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Finance Basics: Suppose your firm buys 1000 worth of supplies on credit
Reference No:- TGS01083183

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