Kearns, Inc

question 64

Multiple Choice

Kearns, Inc. sells its goods with terms of 3/15 EOM, net 60. What is the implicit cost of the trade credit? Do not round your intermediate calculations, and round your final answer to the nearest whole percent.

• A) 15%
• B) 45%
• C) 34%
• D) 28%

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Definitions:

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Acts of revenge or punishment taken against individuals or groups for their political actions, beliefs, or opposition, often intended to suppress dissent or punish political adversaries.

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