A firm buys on terms of 3/10, net 30. What is the cost of trade credit under these terms?
A) 55.7%
B) 47.4%
C) 31.5%
D) 23.2%
Answer: A
You might also like to view...
Which of the following is a correct statement regarding securities regulations?
A) Securities are regulated by state law, not federal law. B) Securities are regulated by federal law, not state law. C) Securities are regulated concurrently by state and federal laws. D) Securities are regulated sequentially by state and federal laws.
Find the probability that none of the 3 products is successful
A company markets educational software products, and is ready to place three new products on the market. Past experience has shown that for this particular software, the chance of "success" is 80%. Assume that the probability of success is independent for each product.
A small number of states rejected the Gramm-Leach-Bliley Act of 1999 and have formed their own state law
Indicate whether the statement is true or false
The person who becomes an informal group leader generally is viewed as ________.
A. someone who embodies the values of the group B. a respected and high-status member C. someone who helps the group accomplish its goals D. All of the choices are correct.