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A Firm Buys on Terms of 3/15,net 45

question 70

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A firm buys on terms of 3/15,net 45.It does not take the discount,and it generally pays after 60 days.What is the nominal annual percentage cost of its non-free trade credit,based on a 365-day year?

Appreciate the influence of individual traits on the likelihood of exercising voice.
Recognize the impact of voice on work-related stress.
Understand the mechanisms through which information is filtered within organizations.
Identify the channels through which voice can be directed in organizational settings.

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