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Business, 15.12.2020 16:30 noodleboy0923

Newsome Inc. buys on terms of 4/10, net 45. It does not take the discount, and it generally pays after 60 days. What is the effective (not nominal) annual percentage cost of its non-free trade credit, based on a 365-day year?

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Newsome Inc. buys on terms of 4/10, net 45. It does not take the discount, and it generally pays aft...

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