Kearns, Inc

question 9

Multiple Choice

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

• A) 15%
• B) 45%
• C) 34%
• D) 28%

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Definitions:

Mate Poaching

The practice of attempting to attract someone who is already in a romantic relationship with someone else.

Erotophobic

Refers to an irrational fear of or strong aversion to sexuality or sexual matters.

Masturbate

The act of self-stimulation of one's own genitals for the purpose of sexual pleasure.