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Cost of giving up cash discounts Determine the cost of giving up cash discounts under each of the following terms of sale. ​(Note​: Assume a​ 365-day year.) a. 2 divided by 10 net 302/10 net 30. b. 1 divided by 10 net 301/10 net 30 c. 1 divided by 10 net 451/10 net 45 d. 3 divided by 10 net 903/10 net 90 e. 1 divided by 10 net 601/10 net 60 f. 3 divided by 10 net 303/10 net 30 g. 4 divided by 10 net 180

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Answer:

Explanation:

1. You first determine the percentage rate of a 360-day year/period to which the discount age will be applied.

2. Secondly you subtract the discount rate from 100% and multiply the outcome of each of the previous steps together to arrive at the annualized amount of credit.

it is calculated thus:

Cost of giving  up discount=

[tex]\frac{discount rate}{1-discount rate}[/tex] x[tex]\frac{365}{credit period - discount period}[/tex]

kindly check the attached image below to see the remaining step by step explanation

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