Instruction 19

question 43

Multiple Choice

Instruction 19.1: Use the information to answer the following question(s) .
Sunny Manufacturing Systems Inc. is supplied with plastic chips for their plastic injection molding manufacturing process. Their supplier, Sun Chemical, Inc. offers financing terms of a 2% discount if the accounts payable are paid in 10 days or less with the full balance due in 45 days. Short-term financing available to Sunny Manufacturing is available at an annual rate of 9.6%. Sunny Manufacturing has just purchased $400,000 of plastic chips from Sun Chemical.
-Refer to Instruction 19.1. What is the effective annual interest cost of supplier financing offered by Sun Chemical?

• A)7.3%
• B)9.5%
• C)10.4%
• D)22.9%

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Definitions:

Men and Women

Terms referring to the two primary categories of human gender, each associated with distinct biological and societal roles.

Biological Factors

Natural influences on organisms, including genetic, neurophysiological, and anatomical aspects that affect behavior and health.

Sexual Orientation

The enduring pattern of emotional, romantic, or sexual attractions to men, women, both genders, neither gender, or another gender.

Gender Stereotypes

Preconceived ideas or beliefs about roles and behaviors deemed appropriate for men and women in a society.