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What is the effective annual cost of trade credit

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Question 1: Pets Store Inc. sells on terms of 2/20, net 90. What is the effective annual cost of trade credit under these terms? Use a 365-day year and provide the suitable example.

Reference no: EM132513469

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What is the effective annual cost of trade credit : Pets Store Inc. sells on terms of 2/20, net 90. What is the effective annual cost of trade credit under these terms? Use a 365-day year
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