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If credit terms of "2/10, net 40" are offered, the approximate cost of not taking the discount and paying at the end of the credit period would be

closest to which of the following? (Assume a365-day year.)

 

18.6%

 

24.3%

 

24.8%

 

30.0%

Accounting Information Management Audit Management Project Management Management
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Question added by Emad Mohammed said abdalla , ERP & IT Software, operation general manager . , AL DOHA Company
Date Posted: 2015/03/31
Upvote (3) Views (20) Followers (10) Answers (9) Report Question
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Deleted user

[2 / (100-2)]*[355 / (40-10)] =248 or24.8%

 

 

 

Ahmed kandil
by Ahmed kandil , Cost Controller , Battour Holding Cpompany

(2 ÷98%) × (365 ÷30 ) =24.83 %

Ayoub Tartir , PMP, GWCPgM, CISA, CISSP, CAP, CSSLP, FITSP-D, CEH, CHFI, CCNA, CCNA Security, Security+, Network+

I agree with the expert answers of option (C) %24.83

Emad Mohammed said abdalla
by Emad Mohammed said abdalla , ERP & IT Software, operation general manager . , AL DOHA Company

>>>>>>>>>>>> The answer will be24.8%

 

MUHAMMED HARIS MI
by MUHAMMED HARIS MI , Senior Audit Staff , Saud Bahwan Group LLC.

My answer is Option C ie-24.83%>>>>>>>>>>>>>>>>>>>

Deleted user

 

Agreed to majority

Thanks-----------

Alex Al Yazouri
by Alex Al Yazouri , General Manager , Al Mushref Cooperative Society

I agree with experts on24.8%

Nasir Hussain
by Nasir Hussain , Sales And Marketing Manager , Pakistan Pharmaceutical Products Pvt. Ltd.

The most appropriate answer is 24.8%

Wasi Rahman Sheikh
by Wasi Rahman Sheikh , WAREHOUSE SUPERVISOR , AL MUTLAQ FURNITURE MFG

Well answer add by All <<<<<<<<<<<<<<<

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