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

question 141

Multiple Choice

If a vendor's invoice states terms of sale of 2/10 net 30, the implied annual cost of interest from foregoing the discount would be:

• A)18.25%
• B)2.0%
• C)12%
• D)36.5%

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Definitions:

Environmental Factors

Environmental factors refer to external influences on living organisms that can affect their growth, development, and survival.

In Vitro Fertilization

A medical procedure whereby an egg is fertilized by sperm outside the body, with the resulting embryo then transferred to the uterus for pregnancy.

Ova

The female reproductive cells or eggs in animals and plants, which when fertilized by male gametes, lead to reproduction.

Sperm

The male gamete or reproductive cell involved in sexual reproduction, which can fertilize the female ovum.