Rainbow Inc

question 45

Multiple Choice

Rainbow Inc.'s sales equal $200,000 each month. Rainbow generally permits credit purchases with terms of 3/10 net 30. Ten (10) percent of total sales are for cash, and the remaining 90 percent pay on credit. Of the credit sales, 20 percent are paid on Day 10 of the billing cycle, and the rest pay on Day 30 (in the following month) . What is the amount of the discounts that Rainbow's customers normally take?

• A)$850
• B)$720
• C)$560
• D)$485
• E)$900

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Definitions:

Self-awareness

The conscious knowledge of one's own character, feelings, motives, and desires, allowing individuals to understand themselves better and how others perceive them.

Self-concept

An individual's perception of their own strengths, weaknesses, thoughts, beliefs, motivation, and emotions.

Big Five Factor Model

A model that identifies five broad dimensions of personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Extraversion

is a personality trait characterized by outgoingness, high energy, and positive emotions, preferring social gatherings and being energized by external stimuli.