Business, 20.03.2020 19:09 safiyyahrahman6907
The firm offers a Net 30 customer cash discount of 2/10. Suppose the customer order is for $1000, and the firm can invest the funds received from the customer on a short-term investment, what is the minimum effective annual rate the investment has to offer for the cash discount to be worthwhile to the firm
Answers: 1
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The firm offers a Net 30 customer cash discount of 2/10. Suppose the customer order is for $1000, an...
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