A 1/15, net 45, but routinely takes 60 days to pay its bills. Given that the retailer is an…

July 17, 2020/in Management file 1 /by admin

A 1/15, net 45, but routinely takes 60 days to pay its bills. Given that the retailer is an important customer, suppliers allow the firm to stretch its credit terms. What is the retailer’s effective cost of trade credit?

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A 1/15, net 45, but routinely takes 60 days to pay its bills. Given that the retailer is an…

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