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Chris Angle can borrow from its bank at 18 percent to take a cash discount. The terms of the cash discount are 25/19 net
Posted: Tue Nov 16, 2021 7:33 am
by answerhappygod
- Chris Angle Can Borrow From Its Bank At 18 Percent To Take A Cash Discount The Terms Of The Cash Discount Are 25 19 Net 1 (21.07 KiB) Viewed 67 times
Chris Angle can borrow from its bank at 18 percent to take a cash discount. The terms of the cash discount are 25/19 net 75. a. Compute the cost of not taking the cash discount (Use 365 days in a year. Round intermediate calculations to 4 decimal places. Round the final answer to 2 decimal places.) Cost of not taking a cash discount b. Should Chris borrow the funds? % O Yes O No