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Awhat will be the nominal annual percentage cost of its

Luckenbach industries has been offered credit terms of 2/15, net 30 days. Answer the following:

a)What will be the nominal annual percentage cost of its non-free credit if it pays 60 days after the purchase? (Assume a 365-day year.)

b)What is the effective annual percentage cost of its non-free trade credit if it pays 60 days after the purchase? (Assume a 365-day year.)

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Cost Accounting: Awhat will be the nominal annual percentage cost of its

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Cost Accounting: Awhat will be the nominal annual percentage cost of its

Reference No:- TGS0783154

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