4.2 REQUIRED Use the information given below to calculate the cost (as a percentage, expressed...
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Accounting
4.2 REQUIRED Use the information given below to calculate the cost (as a percentage, expressed to two decimal places) to Samke Retailers of not accepting the cash discount. (Assume a 360-day year.) (4 marks)
INFORMATION:
Brics Wholesalers offers Samke Retailers credit terms of 30 days but allows a discount of 2.5% if the account is settled in full within 12 days.
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