Flash Enterprises usually takes 60 days to pay its suppliers. In order to encourage prompt payment, supplier Y offers Flash Enterprises a 1.5% discount for payment within 10 days. What is the annual percentage discount forgone if Flash Enterprises does not take up the discount offer?
A) 18.25%
B) 1.5%
C) 11%
D) 9.1%
Correct Answer:
Verified
Q14: Which of these is not a cost
Q15: If inventory turnover changes from 4 times
Q16: A decline in the level of working
Q17: Calculate the operating cash cycle if the
Q18: A firm has annual credit sales of
Q20: Items which comprise inventory are:
A) finished goods.
B)
Q21: The statement concerning the just-in-time inventory management
Q22: Which of the following is not a
Q23: Chocolate Ltd uses 18,000 litres of chocolate
Q24: The operating cash cycle is measured as:
A)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents