Owen Was Surprised When He Calculated the Percentage Annual Interest

question 41

Multiple Choice

Owen was surprised when he calculated the percentage annual interest rate on his accounts payable.He discovered that failure to take advantage of the discount offered by suppliers

• A)makes small difference since a business does not pay a high interest rate.
• B)makes a large difference since a business pays a high interest rate.
• C)has no effect on cash flow since the interest rates are so low.
• D)will have erratic effects on rates for the use of a supplier's money.

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Definitions:

Fifteenth-Century African Society

The diverse and complex societies that existed on the African continent during the 1400s, characterized by various forms of governance, trade, and culture.

Gender

The range of characteristics pertaining to, and differentiating between, masculinity and femininity, including social roles, behaviors, and identities.

Indian Population

Refers to the demographic population of indigenous peoples of the Americas or the population of India, dependent on context.

Hispaniola

An island in the Caribbean Sea, divided into the sovereign states of Haiti and the Dominican Republic.