free spirit industries inc buys most of its raw materials from a single supplier. this supplier sells to free spirit on terms of 3.5/20, net 45. the cost per period of the trade credit retailed to free spirit is round two decimal places
Added by Janet S.
Step 1
The supplier offers terms of 3.5/20, net 45. This means Free Spirit Industries Inc. can take a 3.5% discount if they pay within 20 days, otherwise, the full invoice amount is due in 45 days. Show more…
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