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petrolhead611 petrolhead611 is offline
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Join Date: Jun 2008
Location: LEEDS ,UK
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Not an accountant, but this is simple arithmetic.
3.8/12= your borrowings monthly interest cost., rounded up that is 1/3rd of a percent.
Your customer is asking you for 1% discount for 1 month settlement, or asking you for nett at 2 months. That is costing you either 1/3% or 2/3%.You also take the increased risk that they wont pay. On the other hand the 1% should encourage them to pay on time.
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1986 924S bought new. Now used for AutoX and street.
Chipped, throttle cam, highflow filter in original airbox/snorkel, 14mm rear sway
Hyundai Ioniq hybrid daily driver
Vindicator Vulcan V8 spyder, street legal sports racing car
(300hp,1400 lbs kerb weight) used for sprints on circuits, and hillclimbs
Old 01-23-2018, 09:32 AM
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