XYZ Company has credit terms of 2/15 net 45. Customers should take the discount and pay in 15 days if they CANNOT earn more than ________ (EAR) on their investments

A) 17.81%
B) 27.86%
C) 24.83%
D) 16.55%

Answer: B
Explanation: B) EAR = - 1 = = 27.86%

Business

You might also like to view...

Collaborating the generate a win-win solution is what type of conflict-handling style?

What will be an ideal response?

Business

____________ - issued by corporations to show ownership of a specified number of shares. If stock certificate is lost or destroyed, ownership is not destroyed. Can be replaced.

Fill in the blank(s) with the appropriate word(s).

Business