i wont to this question answer General accounting question Mountain Supplies Co. offers trade credit terms of 2/15,net 45. Calculate the effective annual cost of trade creditusing a 365-day year. Round your answer to two decimalplaces in percentage form.

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Answered: Mountain Supplies Co. offers trade…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 10EB: Starlight Enterprises has net credit sales for 2019 in the amount of $2,600,325, beginning accounts...

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Mountain Supplies Co. offers trade credit terms of 2/15, net 45. Calculate the effective annual cost of trade credit using a 365-day year. Round your answer to two decimal places in percentage form.