ACME Inc,Has Credit Terms of 2/10 Net 60

question 43

Multiple Choice

ACME Inc.,has credit terms of 2/10 net 60.Customers should take the discount and pay in 10 days if they CANNOT earn more than ________ (APR) or ________ (EAR) on their investments.

• A)14.90% APR or 15.89% EAR
• B)15.89% APR or 14.90% EAR
• C)12.42% APR or 13.08% EAR
• D)13.08% APR or 12.42% EAR

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Definitions:

Private Institutions

Organizations or establishments that are owned and operated by private individuals or groups, rather than by the government, often in the context of education or healthcare.

Mental Patients

Individuals receiving treatment for mental health disorders, often characterized by disturbances in thought, emotion, and behavior.

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Individuals or organizations that seek to increase public awareness and influence policy decisions on behalf of community interests or societal benefits.

Receive Treatment

The process of undergoing medical care, therapy, or intervention for the improvement of a health condition or disorder.