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:

Glucose

A simple sugar and important energy source for living organisms, serving as a primary fuel molecule for metabolism.

Radioactively Labeled

A technique used in research that involves attaching radioactive isotopes to molecules or cells to trace biochemical processes or track the spread of substances in an organism.

Citric Acid

An organic acid that is a crucial intermediate in the citric acid cycle, involved in the metabolism of energy in living organisms, and widely used as a preservative and flavoring in the food industry.

Pyruvate

A key end-product of glycolysis, which is converted into acetyl CoA that enters the Krebs cycle when oxygen is present.