Accountancy, asked by draison3825, 1 year ago

A supplier grants your firm credit terms of 2/20, net 50. What is the effective annual rate of the discount if the firm purchases $1,100 worth of merchandise

Answers

Answered by Anonymous
6
heya......

answer is
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$ 56800 is the effective annual rate of discount if the firm purchases $1,100 worth of merchandise.

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hope it helps ^_^
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