Your company 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 145 days after the purchase? (Assume a 365-day year.)
A. 14.81%
B. 15.74%
C. 13.22%
D. 11.77%
E. 13.89%
Answer: C
You might also like to view...
Your final tax liability equals your initial tax liability minus any tax credits
Indicate whether the statement is true or false.
Before the 1990s, most firms entered international markets
A. globally. B. incrementally. C. slowly. D. domestically. E. quickly.
A product passes acceptance testing when ________
A) the people who have paid for its development accept it B) the product is accepted without testing C) the machine is acceptable to the user D) the process is acceptable to the client
The company Peter works for is closing down his office. His manager offered to submit reference letters to any company where laid-off employees apply for new jobs. Peter and his boss never got along
He is concerned her letter may not be beneficial. Which law allows Peter to see the contents of the letter? A) Sarbanes-Oxley Act B) Privacy Act C) Americans with Disabilities Act D) Equal Pay Act E) Consolidated Omnibus Budget Reconciliation Act