msdevdev122 msdevdev122

30-04-2024
Business

Answered

If the annualized effective cost of missing the trade credit discount is 8.19% and the length of the discount period is 15 days and the discount percentage is 1%, then what is the length of the net trade credit period?
a. 40 days
b. 50 days
c. 70 days
d. 60 days

Answer :

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