mack9833 mack9833
  • 06-06-2023
  • Business
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Assume the credit terms offered to your firm by your suppliers are 4/10, net 60 . Calculate the cost of the trade credit if your firm does not take the discount and pays on day 60 . (Hint: Use a 365-day year.) The cost of trade credit is \%. (Rounded to two decimal places.)

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