What is the annualized cost of trade credit

Reference no: EM131924962

Question: ABC extends credit to its customers on terms of 1/10, net 50. Assuming a customer pays the invoice at the end of the costly trade credit period, what is the annualized cost of trade credit? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131924962

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