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

question 41

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 foregoes the discount but does not pay for its purchases until day 40,what is Quick's effective cost of using this source of credit? Assume that no penalty is incurred for late payment.

• A)38.37%
• B)36.73%
• C)26.67%
• D)24.49%

Identify the costs associated with inventory and prioritize purchasing decisions.

Understand the legal aspects of purchasing and the significance of the purchase order.

Grasp the transformation process in operations management from inputs to outputs.

Appreciate the importance of quality in products and services and the impact of six sigma on customer satisfaction.