Newsome Inc

question 73

Multiple Choice

Newsome Inc.buys on terms of 3/15, net 45.It does not take the discount, and it generally pays after 60 days.What is the nominal annual percentage cost of its non-free trade credit, based on a 365-day year?

• A) 25.09%
• B) 27.59%
• C) 30.35%
• D) 33.39%
• E) 36.73%

---

Definitions:

Goals of Persuasion

The objectives or aims intended to be achieved through persuasive communication.

Neutral Buffer

A statement or section in communication intended to lessen the impact or soften the tone before delivering bad news or sensitive information.

Indirect Format

A communication or documentation style where the main points or conclusions are not presented directly at the beginning.

Completion Process

The series of steps or actions required to finish a task or fulfill a requirement, leading to its finalization.