A firm offers its customers 2/14 net 28. What is the cost of trade credit to a customer who chooses to pay on day 28?
A) 72.4%
B) 32.8%
C) 67.3%
D) 69.3%
Correct Answer:
Verified
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Q24: What is meant by the term '1.5/14
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Q27: What is a firm's operating cycle?
Q28: The 'cash discount' is the percentage discount
Q29: Which of the following best describes the
Q31: A 'collection float' is the amount of
Q31: A 'collection float' is the amount of
Q32: What is 'trade credit'?
A)the amount a firm
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