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Unformatted text preview: B. 23.63% C. 26.18% D. 37.24% E. 50.67% 6. A firm is offered trade credit terms of 3/10, net 30. The firm does not take the discount, and even takes an additional 20 days paying on day 50 instead of on day 30. Using a 360-day year, what is the annual cost (on a nominal basis, not effective) of not taking this discount? A. 27.84% B. 24.49% C. 20.18% D. 22.27% E. 30.63%...
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- Spring '08