If Quick Corp. foregoes the discount and pays for its purchases according to the terms of its trade credit, what is Quick's effective cost of using this source of credit?
A) 24.83%
B) 31.48%
C) 36.73%
D) 37.24%

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The Answer of If Quick Corp. foregoes the discount and pays for its purchases according to the terms of its trade credit, what is Quick's effective cost of using this source of credit?
A) 24.83%
B) 31.48%
C) 36.73%
D) 37.24%