Your firm purchases goods from its supplier on terms of 2.2 divided by 10, net...
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Finance
Your firm purchases goods from its supplier on terms of 2.2 divided by 10, net 30 .
What is the effective annual cost to your firm if it chooses not to take the discount and makes its payment on day 30 ?
What is the effective annual cost to your firm if it chooses not to take the discount and makes its payment on day 40 ?
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You can see the logs in the Dashboard.