What is the effective annual cost of trade credit

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1. Pets store inc. sells on terms of 3/15, net 75. What is the effective annual cost of trade credit under these terms? Use a 365- day year.

Round the answer to two decimal places in percentage form

2. You purchase a machine for $100,000. Such machine has a 3-year MACRS classification. If the machine is sold at the end of the second year for $45,000, what are the after-tax proceeds from the sale, assuming your tax rate is 34%?

Reference no: EM131985253

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