Attempt in Progress Concord Company purchased merchandise with an invoice price of $3700 and credit terms of 1/10, n/30. Assuming a 360 day year, what is the implied annual interest rate inherent in the credit terms? 20% 24% 18% 36% Sunland's Market recorded the following events involving a recent purchase of merchandise: Received goods for $37000, terms 1/10, n/30. Returned $700 of the shipment for credit. Paid $300 freight on the shipment. Paid the invoice within the discount period. As a result of these events, the company's inventory O increased by $36237. O increased by $36231. O increased by $36600. O increased by $35937. A credit sale of $4500 is made on April 25, terms 1/10, n/30, on which a return of $300 is granted on April 28. What amount is received as payment in full on May 4? O $4158 $4500 O $4455 O $4200 A credit sale of $3100 is made on July 15, terms 2/10, n/30, on which a return of $300 is granted on July 18. What amount is received as payment in full on July 24? $3100 O $3038 $2744 $2852