REVEL for Accounting Information Systems -- Access Card (14th Edition)
REVEL for Accounting Information Systems -- Access Card (14th Edition)
14th Edition
ISBN: 9780134642628
Author: Marshall B. Romney, Paul J. Steinbart
Publisher: PEARSON
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Chapter 15, Problem 4CQ
To determine

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Please provide answer this general accounting question
What is the nominal cost of trade credit if the terms are 4/10, net 45 assuming that customers forego the discount and pay on the 45th day? (365 in year) Financial Accounting
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