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%

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Definitions:

Adds Nucleotides

A process that involves the addition of nucleotide units to a nucleic acid molecule such as DNA or RNA.

Diploid

A cell or organism that has two sets of chromosomes, one from each parent, typical of somatic cells.

Chromosome Type

Refers to the classification of chromosomes based on structure and function within a cell, important for genetic inheritance.

Replication Error

Mistakes that occur during DNA replication, potentially leading to mutations or genetic variations.