Book depot inc sells on terms of 220 net 75 what is the, Financial Management

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Book depot inc sells on terms of 220 net 75 what is the

1. Book Depot Inc. sells on terms of 2/20, net 75. What is the implicit cost of trade credit under these terms? Use a 365-day year. Correct answer (13.54)% Please explain

2. Pets Store Inc. sells on terms of 2/15, net 60. What is the effective annual cost of trade credit under these terms? Use a 365-day year. Correct answer (17.81)% Please explain

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Financial Management: Book depot inc sells on terms of 220 net 75 what is the

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