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Question - A firm is offered trade credit terms of 3/15, net 30 days. The firm does not take the discount, and it pays after 50 days. What is the effective annual cost of not taking this discount? (Assume a 365-day year.)
a. 37.39%
b. 45.50%
c. 44.30%
d. 32.25%
e. 30.00%
Draw a data flow diagram or a work flow chart to depict Kabwe Medical Center's existing revenue cycle. Draw a data flow diagram revised
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However, the receipts were actually $43. The deposit slip for the bank was prepared correctly as $43. What adjustment is needed to the Cash balance book
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