A buyer did not take advantage of a supplier's credit terms of 2/10,n/30,but instead paid the invoice in full at the end of 30 days.By not taking the discount,the buyer lost the equivalent of 18% annual interest on the amount of the purchase.

Question

Quizplus · Accepted Answer

The Answer of A buyer did not take advantage of a supplier's credit terms of 2/10,n/30,but instead paid the invoice in full at the end of 30 days.By not taking the discount,the buyer lost the equivalent of 18% annual interest on the amount of the purchase.

A Buyer Did Not Take Advantage of a Supplier's Credit