Cost of giving up the cash discount

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Reference no: EM131051057

Tangshan Mining was extended credit terms of 2/15 net 30 EOM. The cost of giving up the cash discount, assuming payment would be made on the last day of the credit period, would be A. 75.26%. B. 18.56%. C. 49.66%. D. 37.12%.

Reference no: EM131051057

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Cost of giving up the cash discount : Tangshan Mining was extended credit terms of 2/15 net 30 EOM. The cost of giving up the cash discount, assuming payment would be made on the last day of the credit period, would be A. 75.26%. B. 18.56%. C. 49.66%. D. 37.12%.

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