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Purple Turtle Group buys on terms of 3/20, net 45 from its chief supplier. if Purple Turtle receives an invoice for ;1,889.99, what would be the true...
Purple Turtle Group buys on terms of 3/20, net 45 from its chief supplier.
if Purple Turtle receives an invoice for ;1,889.99, what would be the true price of this invoice? O $1,283.30 O $1,558.30 O $1,833.29 • $1,466.63
The nominal annual cost of the trade credit extended by the supplier is___________ A)55.94% B)46.91% C)53.23% D)45.11%
Suppose Purple Turtle does not take advantage of the discount and then chooses to pay its supplier late—so that on average, . On average, Purple Turtle will pay its supplier on the 50th day after the sale. As a result, Purple Turtle can decrease its nominal cost of trade credit by ____________ by paying late.A)7.51 B)13.52 C)13.89 D)12.77
