Use the Following Information to Answer the Following Question(s)

question 84

Multiple Choice

Use the following information to answer the following question(s) .
Quick Corp.makes its purchases under terms of 2/10 net 30.
-If Quick Corp.foregoes the discount and pays for its purchases according to the terms of its trade credit,what is Quick's effective cost of using this source of credit?

• A)26.67%
• B)31.48%
• C)36.73%
• D)51.32%

---

Definitions:

Use Destination Theme & Embed Workbook

An option in software that allows the user to apply the styling theme of the destination document while embedding external workbook data, for consistent presentation.

Next Button

A user interface element that allows users to proceed to the next step in a process or sequence.

Changes Group

A set of commands or options within software that allows users to track, view, and manage updates to documents or projects.

Review Tab

A feature in many software applications that provides tools for editing and reviewing documents, including spell check and track changes.