The cost of giving up a cash discount under the terms of sale 1/10 net 60 (assume a 360-day year) is
A. 7.2 percent.
B. 6.1 percent.
C. 14.7 percent.
D. 12.2 percent.
Answer:A
The cost of giving up a cash discount under the terms of sale 1/10 net 60 (assume a 360-day year) is
A. 7.2 percent. B. 6.1 percent. C. 14.7 percent. D. 12.2 percent.