A Firm Offers Its Customers 2/14 Net 28

question 68

Multiple Choice

A firm offers its customers 2/14 net 28.What is the cost of trade credit to a customer who chooses to pay on day 28?

• A)32.8%
• B)67.3%
• C)69.3%
• D)72.4%
• E)76.1%

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Definitions:

Serotonin

A neurotransmitter that is mainly found in the brain, bowels, and blood platelets and is significant in regulating mood, appetite, sleep, and arousal among other functions.

Norepinephrine

A neurotransmitter and hormone essential in the body's response to stress, affecting parts of the brain where attention and responding actions are controlled.

Double-blind Technique

A research method in which both the participants and the experimenters are unaware of who receives the treatment, eliminating bias.

Antipsychotic Drug

Medication primarily used to treat psychosis, including delusions, hallucinations, and schizophrenia.