Tangshan Mining has extended credit terms of 3/15 net 30 EOM. The cost of giving up the cash discount, assuming payment would be made on the last day of the credit period, is 75.26 percent
If the firm were able to stretch its accounts payable to 60 days without damaging its credit rating, the cost of giving up the cash discount would only be ________.
A) 18.81%
B) 18.25%
C) 21.90%
D) 25.09%
D
Business
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Broker Brown entered into an oral listing agreement with the seller without a subsequent written verification. As to the payment of a commission to Brown, it would be:
a. Contrary to public policy. b. Prohibited by Commissioner rules and regulations. c. Permissible if the seller elects to do so, but not enforceable. d. Against the law.
Business
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What will be an ideal response?
Business