A Firm Decides to Stretch Its Accounts Payable,resulting in an Effective

question 102

Multiple Choice

A firm decides to stretch its accounts payable,resulting in an effective annual cost of credit of 20.24%,under terms of 2/10 net 20.When is the firm paying its accounts payable?

• A)40 days
• B)45 days
• C)50 days
• D)54 days
• E)55 days

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Definitions:

Psychoanalysis

Therapeutic orientation developed by Sigmund Freud that employs free association, dream analysis, and transference to uncover repressed feelings.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired; a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.

Undesirable Behaviors

Actions or responses that are considered negative, harmful, or unwanted by society or specific groups within it.

Group Therapy

Treatment modality in which 5–10 people with the same issue or concern meet together with a trained clinician.