You Are Going to Place an Order with a New

question 279

Multiple Choice

You are going to place an order with a new supplier. You have been offered terms of 2/10 net 60 from the date your supplies are shipped. The cost of borrowing from your bank is 16 percent (annual rate) . What is the best course of action in paying the supplier?

• A)Pay as soon as you receive supplies.
• B)Pay on the 10th day after receiving supplies.
• C)Pay on the 11th day after receiving supplies.
• D)Pay on the 60th day after receiving supplies.

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Definitions:

Onset of Depression

The initial period or starting phase when symptoms of depression begin to manifest in an individual.

Lifespan

The duration of time that a living being, especially a human, exists from birth to death.

Early Adulthood

A life stage typically spanning from late teens to early 30s, marked by increased independence and responsibility.

Middle Adulthood

A period in human development, typically considered to occur roughly between the ages of 45 and 65, marked by stable work, relationships, and health, yet facing challenges such as aging and a reassessment of life goals.