Law homework help. Sybex Corp. sells its goods with terms of 2/12 EOM, net 38. What is the implicit cost of the trade credit?Question:Sybex Corp. sells its goods with terms of 2/12 EOM, net 38. What is the implicit costof the trade credit?Solution: Computation of the Implicit cost 2 Effective annual rate = 1 + 100 ?…
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