What is the annualized cost of forgoing the discount

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Reference no: EM13848953

If a firm buys trade credit terms of 4/15, net 60 and decides to forgo the trade credit discount and pay on the net day, what is the annualized cost of forgoing the discount ( assume a 360 -day year).

The Annualized cost of trade credit terms of 4/15, net 60 is _____ % ( Round to two decimal places)

Reference no: EM13848953

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What is the annualized cost of forgoing the discount : If a firm buys trade credit terms of 4/15, net 60 and decides to forgo the trade credit discount and pay on the net day, what is the annualized cost of forgoing the discount ( assume a 360 -day year). The Annualized cost of trade credit terms of 4/15..

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