Your Firm Purchases Goods from Its Supplier on Terms of 1/10,net

question 43

Multiple Choice

Your firm purchases goods from its supplier on terms of 1/10,net 30.The effective annual cost to your firm if it chooses not to take advantage of the trade discount offered is closest to:

• A)16.8%.
• B)44.6%.
• C)20.1%.
• D)13.0%.

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Definitions:

Manuscript Speaking

Reading a speech from a written text.

Extemporaneous Speaking

Speaking from a written or memorized speech outline without having memorized the exact wording of the speech.

Memorized Speaking

Delivering a speech word-for-word from memory without using notes.

Impromptu Speaking

Delivering a speech without advance preparation.