5. Hansel Co is to make a payment of $8494. to a supplier. A 004% discount is available for paying after one month instead of the standard term of three months. What is the annual percentage cost of the discount? a) 057% b) 035% c) 016% d) 025%

5. Hansel Co is to make a payment of $8494. to a supplier. A 004% discount is available for paying after one month instead of the standard term of three months. What is the annual percentage cost of the discount? a) 057% b) 035% c) 016% d) 025%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

a) 057%

b) 035%

c) 016%

d) 025%

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