A firm is offered trade credit terms of 3/15, net 30 days. The firm does not take the discount, and it pays after 50 days. The number of compounding period is _____ (Assume a 365-day year.)
A firm is offered trade credit terms of 3/15, net 30 days. The firm does not take the discount, and it pays after 50 days. The number of compounding period is _____ (Assume a 365-day year.)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter21: Supply Chains And Working Capital Management
Section: Chapter Questions
Problem 8P: If a firm buys on terms of 3/15, net 45, but actually pays on the 20th day and still takes the...
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A firm is offered trade credit terms of 3/15, net 30 days. The firm does not take the discount, and it pays after 50 days. The number of compounding period is _____ (Assume a 365-day year.)
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