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Category > Accounting Posted 20 May 2017 My Price 3.00

Why is some trade credit called free while other credit is called costly

7 Why is some trade credit called free while other credit is called costly? If a firm buys on terms of 2/10, net 30, pays at the end of the 30th day, and typically shows $300,000 of accounts payable on its balance sheet, would the entire $300,000 be free credit, would it be costly credit, or would some be free and some costly? Explain your answer. No calculations are necessary.

 

Answers

Alpha Geek
(8)
Status NEW Posted 20 May 2017 04:05 PM My Price 3.00

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file 1495296876-Answer.docx preview (144 words )
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