What is the effective annual cost of credit terms of 1/10 net 30, if the firm stretches the accounts payable to 45 days?
A) 8.49 %
B) 10.91%
C) 11.05%
D) 18.03%
Answer: C
You might also like to view...
______ is the buying and selling of goods and services among different countries.
a. Global networking b. Global business c. Global enterprise d. Global marketing
Rachel works for the Internal Revenue Service, and keeps some personal information on her computer at work. There has been suspicion that Rachel has not been keeping tax return information confidential. The Fourth Amendment to the Constitution, prohibiting unreasonable searches and seizures, protects Rachel from having the government review the personal information she has on her computer
Indicate whether the statement is true or false
The 1947 GATT provided a regulations for the registration of patents and copyrights and stiff penalties for the misuse of intellectual property
Indicate whether the statement is true or false
Which of the following statements regarding sole proprietorships isĀ false?
A. Sole proprietorships are the most common form of business entity in the U.S. B. The cash flow generated by a sole proprietorship belongs to the owner. C. The assets and liabilities of a sole proprietorship are held in the name of the business, not the owner. D. A sole proprietorship has no legal identity separate from that of its owner.