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%
Answer: D
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Which one of the following techniques is particularly recommended when you need to know how people would react to the alternatives to the problem at hand?
A) group brainstorming B) brainstorming individually C) general problem-solving group D) nominal group technique
Which of the following is true for dollar cost averaging?
A) It allows us to purchase an unequal dollar amount of the same stock at equal time intervals. B) It allows us to purchase an equal dollar amount of the same stock at equal time intervals. C) It allows us to purchase an unequal dollar amount of a different stock at equal time intervals. D) It allows us to purchase an equal dollar amount of a different stock at equal time intervals.