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Find what is mackenzie effective annual rate cost

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Reference no: EM132608070

Question 1: Assume that its trade credit terms are 4/10, net 45 and Mackenzie pays on day 40. Using a 365 day year, what is Mackenzie's Effective Annual Rate (EAR) cost of trade credit?

Reference no: EM132608070

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Find what is mackenzie effective annual rate cost : Credit terms are 4/10, net 45 and Mackenzie pays on day 40. Using a 365 day year, what is Mackenzie's Effective Annual Rate (EAR) cost of trade credit?
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