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QUESTION THREE [20] 3.1 Assume that a firm is offered 2/10 net 30, indicating that if...

QUESTION THREE [20]

3.1 Assume that a firm is offered 2/10 net 30, indicating that if the account is settled in 10 days, the firm may keep a discount of 2%. If the discount is not taken, then the full amount is payable in 30 days.

Required: 3.1.1 Calculate the cost of foregoing the discount. (12)

3.1.2 Differentiate between the various aims of appraising projects.

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jeff jeffy answered 1 year ago
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