Solution-Calculate both the approximate and effective

Calculate both the approximate and effective annual cost

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Reference no: EM133136218

Question - Calculate both the approximate and effective annual cost of foregoing the cash discount for each of the following suppliers of NUE Corp: Supplier LION 2/10 n/40 Assuming NUE Corp needs short-term financing, recommend whether it would be better to give up the cash discount or take the discount and borrow from a bank at 20% annual interest. Use 365 days per year.

A. Give up the discount.

B. Take the discount and borrow.

Reference no: EM133136218

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Calculate both the approximate and effective annual cost

Reference no: EM133136218

Reference no: EM133136218

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