What is the effective annual cost of nisaa brandon company


Nisaa A. & BRandon G. Company purchases goods from its supplier on terms 2/15 net 40.

a) What is the effective annual cost of Nisaa & Brandon Company if it chooses not to take the discount and makes it payment on day 40?

b) What is the effective annual cost of Nisaa & Brandon Company if it chooses not to take the discount and makes it payment on day 55?

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Financial Management: What is the effective annual cost of nisaa brandon company
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