Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Finance
New Topic  
abdallaex abdallaex
wrote...
Go to Answer
Posts: 144
Rep: 0 0
8 months ago
A firm buys on terms of 3/15, net 45 days. It does not take the discount, and it generally pays after 65 days. What is the nominal annual cost of its non-free trade credit, based on a 365-day year?


▸

22.58%



▸

23.71%



▸

24.89%



▸

26.14%

Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
Authors:
Read 46 times
1 Reply
Replies
Answer verified by a subject expert
paris.chenparis.chen
wrote...
#1
Posts: 158
Rep: 0 0
8 months ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

abdallaex Author
wrote...

8 months ago
this is exactly what I needed
gage
wrote...

Yesterday
Thank you, thank you, thank you!
dedricgard
wrote...

2 hours ago
This helped my grade so much Perfect
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1230 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 559
  
 259
  
 297
Your Opinion
How often do you eat-out per week?
Votes: 79
Previous poll results: Do you trust social media networks with protecting your privacy?