Pride, Inc

question 33

Multiple Choice

Pride, Inc. sells $150,000 of its accounts receivable to factors at 2.875 percent discount. The firm's average collection period is 75 days. What is the simple annual interest cost of the factors loan? Round your percentage answer to one decimal place.

• A) 35.5%
• B) 32.9%
• C) 27.8%
• D) 31.1%

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Definitions:

Brand Purpose

Defines the reason a brand exists beyond making a profit, often reflecting its social or environmental commitments, and how it intends to positively impact the world or its consumers.

Ethical Challenges

Situations or decisions that involve a conflict between moral principles.

Co-Optation

The process of absorbing new ideas or movements into existing structures to neutralize or mitigate their impact.

Washing

A critique often attached to terms like "greenwashing" or "whitewashing," implying superficial commitments or efforts by organizations to seem more socially responsible or inclusive than they are.