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QUESTION
Which of the following terms of trade credit is the more expensive?
Which of the following terms of trade credit is the more expensive?a. a 3% cash discount if paid on the 15th day with bill due on the 45th day.b. a 2% cash discount if paid on the 10th day with the bill due on the 30th day
Which of the following terms of trade credit is more expensive? A) a 3% cash discount if paid on the 15th day with bill due on the 45th day (3/15, net 45). B) a 2% cash discount if paid on the 10th...