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Testbank Multiple Choice Question 88 If a company purchases merchandise on terms of 1.7 / 10 , n/30, the cash discount available (assuming a 360-day
Testbank Multiple Choice Question 88
If a company purchases merchandise on terms of 1.7/10, n/30, the cash discount available (assuming a 360-day year) is equivalent to an effective annual interest rate of 1.7%.
23.4%.
30.6%.
54.0%.
Testbank Multiple Choice Question 88
If a company purchases merchandise on terms of 1.7/10, n/30, the cash discount available (assuming a 360-day year) is equivalent to an effective annual interest rate of
| 1.7%. |
| 23.4%. |
| 30.6%. |
| 54.0%. |
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Auditing A Practical Approach
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton
4th Edition
0730382648, 978-0730382645
