The company you just started has been offered credit terms of 4/30, net 90 days. What will be the nominal annual percentage cost of its non-free trade credit if it pays 120 days after the purchase? (Assume a 365-day year.)
A. 16.05%
B. 16.90%
C. 17.74%
D. 18.63%
E. 19.56%
Answer: B
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Which type of social media user posts comments, ratings, and reviews of products and services on blogs and forums?
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Suppose Ernie says to Eddie at Wal-Smart, "If I decide to buy a word processor next year, I will buy it from you." This would be an example of:
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What are the four types of endorsements on negotiable instruments? Describe and explain.
What will be an ideal response?
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