What Is the Effective Cost of Credit Terms of 2/10

question 27

Multiple Choice

What is the effective cost of credit terms of 2/10, net 30 if the firm stretches the accounts payable to 45 days?

• A) 49.76%
• B) 36.12%
• C) 23.45%
• D) 44.59%

Discern the significance of specific theories such as drive-reduction theory in explaining motivated behaviors.

Identify various motivational strategies and their psychological underpinnings.

Understand the concept of locus of control and how it influences perceptions of intelligence.

Recognize the different types of needs and their impact on motivation and behavior.

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Definitions:

Keynesian Analysis

An economic approach that emphasizes the role government can play in smoothing out the fluctuations in the economy through fiscal and monetary policy.

Macroeconomic Equilibrium

A state in which aggregate supply equals aggregate demand, meaning all goods and services produced are purchased, without any involuntary inventory buildup.

Aggregate Demand

The total demand for all goods and services within a particular market.

Real GDP

The measure of a country's economic output adjusted for price changes (inflation or deflation), reflecting the actual value of goods and services produced over a specific period.