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Which of the following terms of trade credit is the more expensive

Which of the following terms of trade credit is the more expensive?


(a) A 3 percent cash discount if paid on the 15th day with bill dueon the 45th day (3/15, net 45)


(b) A 2 percent cash discount if paid on the 10th day with the billdue on the 30th day (2/10, net 30)

May 10 2018 View more View Less

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