The Company You Just Started Has Been Offered Credit Terms

question 101

Multiple Choice

The company you just started has been offered credit terms of 4/30, net 90 days.What will be the nominal annual percentage cost of its non-free trade credit if it pays 120 days after the purchase? (Assume a 365-day year.)

• A) 16.05%
• B) 16.90%
• C) 17.74%
• D) 18.63%
• E) 19.56%

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Definitions:

Psychodynamic Defense Mechanisms

Strategies employed by the unconscious mind to protect the individual from anxiety and unacceptable thoughts and feelings, delineated within psychodynamic theories of psychology.

Maladaptive

Behaviors or thoughts that may be counterproductive or inhibit a person's ability to adjust healthily to particular situations.

External Stressors

Events or situations outside of an individual that cause stress or emotional strain, such as work demands or family issues.

Assessing Client Strengths

This involves evaluation of a client's positive attributes, resources, and potential in a therapeutic setting to support their growth and healing.