With terms of 4/15, net 60, what is the implied interest rate for forgoing a cash discount and paying at the end of the credit period?
A. 28.19%
B. 39.25%
C. 61.15%
D. 25.63%
Answer: B
You might also like to view...
When speaking in public, you should use this type of language
A) informal B) formal C) impromptu D) manuscript
Explain the four skills sets of emotional intelligence.
What will be an ideal response?
List the types of agreements that are within the statute of frauds and explain the consequences if the parties do not comply with the requirements of the statute of frauds
The Secretary of Labor recently issued new guidelines standards dealing with toxic materials or harmful physical agents. Associated Cements Inc finds itself unable to comply with a standard by its effective date because of the unavailability of professional or technological personnel. Accordingly, Associated Cements Inc may seek exemption under:? A) ?temporary variance
B) ?unilateral contract. C) ?nonfeasance. D) ?mitigation of standards.