Exam (elaborations)
FIN3702 ASSIGNMENT 2 SEMESTER 1 - 2020
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FIN3702 ASSIGNMENT 2 SEMESTER 1 - 2020 QUESTION 1 The cost of giving up a cash discount under the terms 5/20 net 120 assuming a 365-day year is … 1. 15.00%. 2. 15.80%. 3. 18.94%. 4. 19.21%. The correct answer is option 4. 19.21% Cost of giving up a cash discount = = ...
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