What is the effective annual percentage cost of its nonfree


bumpass enterprises purchase $4562500 in goods per year from its sole supplier on terms of 2/15, net 50. if the firm chooses to pay on time but does not take the discount, what is the effective annual percentage cost of its nonfree trade credit?

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Accounting Basics: What is the effective annual percentage cost of its nonfree
Reference No:- TGS080771

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