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Use the Following Information to Answer the Following Question(s)

question 84

Multiple Choice

Use the following information to answer the following question(s) .
Quick Corp.makes its purchases under terms of 2/10 net 30.
-If Quick Corp.foregoes the discount and pays for its purchases according to the terms of its trade credit,what is Quick's effective cost of using this source of credit?


Definitions:

Statement

An instruction that a programming language interpreter can execute.

C

A general-purpose, procedural computer programming language supporting structured programming, lexical variable scope, and recursion.

Valid

Refers to something that is correct, acceptable, or in good standing.

Lvalues

Expressions that refer to memory locations and thereby an object that occupies some identifiable location in memory (e.g., variables).

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