Posted: February 8th, 2016
Lyman Nurseries purchased seeds costing $25000 with terms of 3/15 net 30 EOM on January 12.
Lyman Nurseries purchased seeds costing $25000 with terms of 3/15 net 30 EOM on January 12. How much will the firm pay if it takes the cash discount? What is the approximate cost of giving up the cash discount, using the simplified formula?
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