The Cost of Forgoing the Discount on Trade Credit of 4/10

question 12

Multiple Choice

The cost of forgoing the discount on trade credit of 4/10, net 25 is equal to

• A) 101.31%.
• B) 97.33%.
• C) 28.8%.
• D) 12.13%

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Definitions:

Semiconductor Materials

Materials that have electrical conductivity between that of a conductor and an insulator, used in the manufacture of electronic devices, including silicon and germanium.

Piezoelectricity

The production of electricity by applying pressure to a crystal.

Pressure

The force applied perpendicular to the surface of an object per unit area over which that force is distributed.

Strict Constructionists

Individuals who interpret the Constitution in a literal and narrow way, often limiting the powers of the federal government.