Tivo Corporation purchases its raw materials on credit terms of 3/15, net 30. Assuming there are 360 days in a year, the annual percentage rate of non-free trade credit if the firm did not take discounts but did pay on the due date is: (Round your answer to two decimal places.)
A. 67.68%.
B. 34.25%.
C. 58.92%.
D. 74.23%.
E. 82.55%.
Answer: D
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aging analysis 13,200 Refer to the data for Benton Corporation. If the aging approach is used to estimate bad debts, what amount should be recorded as bad debt expense for 2015? a. $ 2,900 b. $11,500 c. $23,500 d. $26,900
In their contract for the sale of window shades, Lela Window Treatments, Inc and Shane agree that Lela will have the right to replace any defective goods that are delivered to Shane. This contractual provision will not have any effect because the perfect tender rule of the UCC will control in a sale of goods transaction
a. True b. False Indicate whether the statement is true or false
Advertising specialties are always distributed free of charge to the recipients.
Answer the following statement true (T) or false (F)
A defendant may make a counterclaim against the plaintiff:
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