Take Cash Discounts In Your Business

Posted on Thursday, June 21, 2012

Don’t miss the cash discounts offered by your suppliers. A 2% discount for payment in ten days, versus net payment in 30 days, computes to an annual rate of return of 36%. If you can get a 10% discount for paying twelve months of payments in advance, you will earn 23% on your prepayment.

Posted in Tax And Accounting Topics For Business

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