If a Vendor's Invoice States Terms of Sale of 2/10

question 215

Multiple Choice

If a vendor's invoice states terms of sale of 2/10 net 60, the implied annual cost of interest from foregoing the discount would be:

• A)13.2%.
• B)14.6%.
• C)2.0%.
• D)13.7%.

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Definitions:

Seery et al., 2013

A reference to a specific study or publication by researchers Seery and colleagues in the year 2013, possibly pertaining to psychology or another scientific field.

Delinquent Behavior

Actions that violate societal norms or laws, often committed by juveniles or young adults.

Socioeconomic Status

An individual's or family's economic and social position in relation to others, based on income, education, and occupation.

Psilocybin Mushrooms

A type of hallucinogenic mushroom containing the psychoactive compounds psilocybin and psilocin, known for altering perception, mood, and cognitive processes.