Business, 24.04.2020 18:59 120175

Regis Clothiers can borrow from its bank at 16 percent to take a cash discount. The terms of the cash discount are 3/16, net 55. a. Compute the cost of not taking the cash discount. (Use a 360-day year. Do not round intermediate calculations. Input your final answer as a percent rounded to 2 decimal places.)

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Regis Clothiers can borrow from its bank at 16 percent to take a cash discount. The terms of the cas...