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%

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Definitions:

Oxytocin

A hormone and neuropeptide that plays a critical role in social bonding, sexual reproduction, childbirth, and the period after childbirth.

Hypothalamus

A small but crucial part of the brain that regulates hormones, temperature, hunger, thirst, and circadian rhythms.

Zona Glomerulosa

The outermost layer of the adrenal cortex, responsible for the production of aldosterone, which regulates blood pressure and electrolyte balance.

Acinar Cells

Cells that form acinus, secreting substances in the pancreas and salivary glands.