The Delta Fish Hatchery Factors Its Accounts Receivables Immediately at a 2

question 90

Multiple Choice

The Delta Fish Hatchery factors its accounts receivables immediately at a 2 percent discount.The average collection period is 34 days.Assume that all accounts are collected in full.What is the effective annual interest rate on this arrangement?

• A)24.22 percent
• B)25.20 percent
• C)25.36 percent
• D)25.78 percent
• E)26.04 percent

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Definitions:

Social Control

Mechanisms, strategies, and institutions that societies use to regulate individual behavior and maintain social order.

Cultural Control

The practice of managing and influencing the cultural aspects of an organization to align with its goals and values.

Corporate Culture

Corporate Culture denotes the shared values, beliefs, attitudes, and practices that characterize an organization, influencing its decision-making and work environment.

Implementation Through Change

The process of applying strategies and plans to modify processes, systems, or behaviors within an organization to achieve desired outcomes.