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Swap Co is due to receive goods costing $2,500. The terms of trade state that payment must be received
within three months. However, a discount of 1.5% will be given for payment within one month.
Which of the following is the annual percentage cost of ignoring the discount and paying in three
months?What is AER ? and how have they calculate it ?
Please advice me the chapter it is covered in your notes..I will refer that as wellIt is covered in the chapter on the management of receivables and payables.
However there is no point in using the notes on their own – you need to watch the lectures working through that chapter because it is in the lectures that I explain and expand on the notes.
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