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Exercise 5.16 LO 5-5 Cash discounts-ROI a. Calculate the...

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Accounting

Exercise 5.16
LO 5-5
Cash discounts-ROI
a. Calculate the approximate annual rate of return on investment of the following cash discount terms:
115,n30.
210,n60.
110,n90.
b. Which of these terms, if any, is not likely to be a significant incentive to the customer to pay promptly? Explain your answer.
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