Tangshan Mining Has Extended Credit Terms of 3/15 Net 30

question 4

Multiple Choice

Tangshan Mining has 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, would be ________.

• A) 75.26%
• B) 3.1%
• C) 72.99%
• D) 37.12%

---

Definitions:

Species

A group of living organisms consisting of similar individuals capable of exchanging genes or interbreeding.

Cat

A small domesticated carnivorous mammal with soft fur, a short snout, and retractile claws, widely kept as pets or for catching mice.

Animal

An organism that consumes organic material, generally equipped with specialized sensory organs and a nervous system, enabling it to quickly react to environmental cues.

Referent

An object, concept, or entity to which a word, term, or symbol refers.