Ningbo Steel Was Extended Credit Terms of 3/15 Net 30

question 10

Multiple Choice

Ningbo Steel was extended credit terms of 3/15 net 30 EOM.The cost of giving up the cash discount, assuming payment would be made on the last day of the credit period, is 75.26 percent.If the firm were able to stretch its accounts payable to 560 days without damaging its credit rating, the cost of giving up the cash discount would only be

• A)16.8156.4%
• B)16.2532.3%
• C)23.90%
• D)27.0922.6%%
• E)none of the above

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Definitions:

Perioperative Nursing Data Set

A standardized language used to document and communicate nursing care throughout the preoperative, intraoperative, and postoperative phases.

Standardized Vocabulary

A set of terms and definitions used consistently across a profession to ensure clear communication and understanding.

ANA

American Nurses Association; a professional organization representing the interests of registered nurses in the United States to foster high standards of nursing practice.

Acuity

Sharpness or keenness of thought, vision, or hearing; the ability to sense or perceive accurately.