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Question
Use the following information to answer the following question(s).Quick Corp. makes its purchases under terms of 2/10 net 30.
If Quick Corp. foregoes the discount and pays for its purchases according to the terms of its trade credit, what is Quick's effective cost of using this source of credit?
A) 26.67%
B) 31.48%
C) 36.73%
D) 51.32%
Answer
This answer is hidden. It contains 1 characters.
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