Bloomies sells on terms of 120 net 80 what is the implicit


Bloomies sells on terms of 1/20, net 80. What is the implicit cost of trade credit under these terms? Use a 365-day year.

Round the answer to two decimal places in percentage form.

Solution Preview :

Prepared by a verified Expert
Finance Basics: Bloomies sells on terms of 120 net 80 what is the implicit
Reference No:- TGS02288852

Now Priced at $10 (50% Discount)

Recommended (90%)

Rated (4.3/5)