Durham Cement,Inc

question 24

Multiple Choice

Durham Cement,Inc.buys on terms of 2/15,net 30 days.It does not take discounts,and it typically pays 60 days after the invoice date.Net purchases amount to $720,000 per year.What is the nominal annual cost of its non-free trade credit? (Assume a 365-day year.)

• A)15.73%
• B)16.55%
• C)17.38%
• D)18.25%

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Definitions:

SBAR Model

A communication framework used in healthcare to ensure a structured exchange of information: Situation, Background, Assessment, and Recommendation.

Probable Cause

A reasonable basis for believing that a crime may have been committed or that evidence of the crime is present in the place to be searched.

Communication

The exchange of information, thoughts, or messages between people through speaking, writing, or other media.

Psychosocial Needs

Refers to the necessary support for an individual's psychological development and social interactions, emphasizing the importance of mental health and community.