Which of the following trade credit terms for goods and services purch
Which of the following trade credit terms for goods and services purchased would be least desireable to the purchasing firm?
A) 2/10 net 30
B) 1/10 net 30
C) 3/15 net 30
D) Unless we know the firm’s cost of borrowing we cannot determine which set of terms is least preferred.
ANSWER
B
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