With terms of 4/15, net 60, what is the implied interest rate for forgoing a cash discount and paying at the end of the period?

A) 25.63%
B) 61.15%
C) 28.19%
D) 39.25%

Ans: D) 39.25%

Business

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The Electronic Bank of America might digitally sign a message that contains which of the following information?

A) The bank's name and address B) The dollar value of the bank note being created C) A unique serial number D) All of the above

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If output decreases

A) total fixed costs will remain the same B) total variable costs will remain the same C) total mixed costs will remain the same D) all of the answers are correct

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