Before Spilling Coffee on an Invoice and Obliterating the Final

question 57

Multiple Choice

Before spilling coffee on an invoice and obliterating the final due date, you calculate the implied interest cost of trade credit at 24.89% and remember there is a 3% cash discount if paid within 10 days.When is the due date?

• A)30 days
• B)45 days
• C)50 days
• D)90 days