Biology Forums - Study Force

Other Fields Homework Help Management Topic started by: pompa on Mar 7, 2017



Title: Tangshan Mining has extended credit terms of 3/15 net 30 EOM. The cost of giving up the cash ...
Post by: pompa on Mar 7, 2017
Tangshan Mining has extended credit terms of 3/15 net 30 EOM. The cost of giving up the cash discount, assuming payment would be made on the last day of the credit period, is 75.26 percent. If the firm were able to stretch its accounts payable to 60 days without damaging its credit rating, the cost of giving up the cash discount would only be ________.
A) 18.81%
B) 18.25%
C) 21.90%
D) 25.09%


Title: Re: Tangshan Mining has extended credit terms of 3/15 net 30 EOM. The cost of giving up the cash ...
Post by: Ulain on Mar 7, 2017
Content hidden


Title: BFSF: Tangshan Mining has extended credit terms of 3/15 net 30 EOM. The cost of giving up the cash ...
Post by: Shem Casimiro on Dec 3, 2023
Help! The answer is missing an explanation...


Title: Re: Tangshan Mining has extended credit terms of 3/15 net 30 EOM. The cost of giving up the cash ...
Post by: Ulain on Dec 3, 2023
This should help!