A supplier offers a 3% discount for payment within 10 days or full payment within 45 days. Assuming a 360-day year what is the annualised cost of not taking the discount?
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8 .Amicable Wireless Co offers customers credit terms of 2% discount for payment within 10 days or full payment within 25 days. 60% of Amicable’s customers take the 2% discount and pay on day 10. The remainder of Amicable’s customers pay on day 30.What is Amicable’s receivables days?
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A 2.0% B 33.3% C 36.0% D 36.7%
