This paper circulates around the core theme of FINANCE 510 – Greshak Inc. purchases $4,562,500 in goods per year from its sole supplier together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 59. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
Greshak Inc. purchases $4,562,500 in goods per year from its sole supplier on terms of 2/15, net 50. If the firm chooses to pay on time but does not take the discount, what is the effective annual percentage cost of its non-free trade credit? (Assume a 365-day year.)Select one:a. 20.11%b. 21.17%c. 22.28%d. 23.45%e. 24.63%