What Is the Effective Annual Cost of Credit Terms of 2/20,net

question 20

Multiple Choice

What is the effective annual cost of credit terms of 2/20,net 60,if the firm stretches the accounts payable to 80 days?

• A)6.4 %
• B)13.1%
• C)21.1%
• D)34.2%
• E)41.4%

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Definitions:

Typedef Double REAL

A statement in C programming that creates an alias named REAL for the double data type, used for representing floating-point numbers.

Synonym

A synonym is a word or phrase that has the same or nearly the same meaning as another word or phrase in the same language.

Compiler Warning

A message from the compiler indicating potential issues in code that might not prevent the program from compiling.

Macro Instance

A specific occurrence where a macro (a sequence of instructions or declarations that can be included in the code) is expanded.