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Business, 12.02.2021 05:20 kingethan08

Mr. Hugh Warner is a very cautious businessman. His supplier offers trade credit terms of 3/14, net 110. Mr. Warner never takes the discount offered, but he pays his suppliers in 100 days rather than the 110 days allowed so that he is sure the payments are never late. What is Mr. Warner's cost of not taking the cash discount

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