If a Vendor's Invoice States Terms of Sale of 2/10

question 215

Multiple Choice

If a vendor's invoice states terms of sale of 2/10 net 60, the implied annual cost of interest from foregoing the discount would be:

• A)13.2%.
• B)14.6%.
• C)2.0%.
• D)13.7%.

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Definitions:

Volutrol

A specific brand of intravenous solution administration set that allows precise control over fluid delivery rates.

Intravenous Bag

A sterile container filled with fluids or medications that are administered directly into a vein via a drip.

NPH Insulin

An intermediate-acting insulin used to control blood sugar levels in people with diabetes, typically administered once or twice a day.

Regular Insulin

A form of short-acting insulin used in the management of diabetes mellitus to control blood sugar levels.