Euro tours inc buys on terms of 215 net 30 days it does

Reference no: EM13599645

Euro Tours Inc. buys on terms of 2/15, net 30 days. It does not take discounts, and it typically pays 35 days after the invoice date. Net purchases amount to $720,000 per year. What is the nominal annual cost of its non-free trade credit?

Reference no: EM13599645

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Euro tours inc buys on terms of 215 net 30 days it does

Reference no: EM13599645

Reference no: EM13599645

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