Giving Credit, Where Due --Dickeson

What credit terms are most frequently granted by printers? 2/10/n30—2 percent if paid within 10 days, net due in 30 days. Or maybe it's 1/10/n30—1 percent. Either way, it's a pile of money when you think about it as yearly rates.

Know what it amounts to on an annualized basis? A tad over 73 percent a year if you're using 2 percent. If you're using only 1 percent for 10 days quick-pay incentive it's a bit over 36 percent per annum. You knew that already, of course. Just wanted to remind you in order to make a point.