You just moved into town and plan to start a new plumbing repair business. You go to Ace Plumbing Supply and they offer you the following credit terms, 2/10 net 40. What is your annual cost of the trade credit offer? Assume a 360 day calendar year.
Ans. _________%© BrainMass Inc. brainmass.com September 24, 2018, 5:30 am ad1c9bdddf - https://brainmass.com/business/supply-chain-management/ace-plumbing-supply-calculating-values-204507
This solution is comprised of a detailed explanation to answer what is your annual cost of the trade credit offer.