Atlanta Cement,Inc

question 4

Multiple Choice

Atlanta Cement,Inc.buys on terms of 2/15,net 30.It does not take discounts,and it typically pays 60 days after the invoice date.Net purchases amount to $720,000 per year.What is the nominal annual percentage cost of its non-free trade credit,based on a 365-day year?

• A)10.86%
• B)12.07%
• C)13.41%
• D)14.90%
• E)16.55%

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Definitions:

Defiance

A behavior characterized by open resistance or bold opposition to authority or an opposing force.

Workable Goal

A realistic and achievable objective, often set in therapeutic, personal, or professional contexts to ensure progress and success.

Past-Exception Question

A question used in therapy to help clients identify times in the past when their problem did not occur, emphasizing their ability to overcome difficulties.

Miracle Question

A solution-focused technique that asks clients to envision how their life would change if a miracle solved their biggest problem overnight.