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# \$5.00The terms of sale given by a company wer

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• Due on Feb. 24, 2011
• Asked on Feb 24, 2011 at 12:54:48PM

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Q:
The terms of sale given by a company were 3/10 net 60. a. Their customers would get a discount if they paid within how many days? b. The discount would be __________. c. If they do not take advantage of the discount, when must the account be paid? d. What is the annualized opportunity cost of foregoing the discount? (Hint: use a 360-day year in calculations.)

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• Posted on Feb 24, 2011 at 12:57:47PM
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• Posted on Feb 24, 2011 at 2:01:51PM
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