A Firm Offers Its Customers 1/7 Net 21

question 84

Multiple Choice

A firm offers its customers 1/7 net 21.What is the cost of trade credit to a customer who chooses to pay on day 21?

• A)7%
• B)19%
• C)21%
• D)30%
• E)69%

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Definitions:

Disk

A physical device used to store and retrieve digital information, such as a hard drive, floppy disk, or optical disc.

Stored File

A digital document or data that has been saved on a storage medium, such as a hard drive or cloud server.

Access

The ability, right, or permission to approach, enter, speak with, or use; admittance.

Thrashing

A condition of excessive paging in which the operating system becomes sluggish.