A Supplier Has Offered You Credit Terms of 3/10 Net

question 74

Multiple Choice

A supplier has offered you credit terms of 3/10 net 30.What is the implied rate of interest in the terms?

• A) 56.44%
• B) 37.08%
• C) 5.69%
• D) 3.09%

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Definitions:

Line and Paragraph Spacing Arrow

A tool or feature in text editing and word processing software that allows users to adjust the space between lines or paragraphs.

Line and Paragraph Spacing Arrow

An icon in text editing software that allows users to adjust the spacing between lines or paragraphs in a document.

Home Tab

The primary or default tab in many software applications, providing quick access to the most commonly used functions and features.

File Tab

In software applications, especially those with a ribbon interface, the tab that opens the file menu or backstage view for managing files and application settings.