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Posted: **Sun May 08, 2022 10:45 am**

: Assume The Credit Terms Offered To Your Firm By Your Suppliers Are 2 15 Net 40 Calculate The Cost Of The Trade Credit 1 (33.88 KiB) Viewed 30 times

Assume the credit terms offered to your firm by your suppliers are 2/15, net 40. Calculate the cost of the trade credit if your firm does not take the discount and pays on day 40. (Hint: Use a 365-day year.) The cost of trade credit is %. (Rounded to two decimal places.)