A Firm Offers Its Customers 3/5 Net 25

question 20

Multiple Choice

A firm offers its customers 3/5 net 25. What is the cost of trade credit to a customer who chooses to pay on day 25?

• A)68.4%
• B)32.3%
• C)65.5%
• D)74.3%

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Definitions:

Management Roles

Various functions and responsibilities held by managers, including planning, organizing, leading, and controlling.

Law Degrees

Academic qualifications awarded to individuals who have completed studies in law, preparing them for legal careers.

Law Firm Partners

Senior members of a law firm who have an ownership stake and are primarily responsible for the firm's business operations, client relations, and legal service delivery.

Workplace Leave

Authorized absence from work granted to employees for various reasons such as illness, vacation, or family commitments.