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    Financial Accounting Study Set 24
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    Exam 7: Reporting and Interpreting Cost of Goods Sold and Inventory
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    What Is the Annual Interest Rate of a Sales Discount
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What Is the Annual Interest Rate of a Sales Discount

Question 95

Question 95

Multiple Choice

What is the annual interest rate of a sales discount of 2/10, n/30?


A) 37.2%
B) 24.3%
C) 24.8%
D) 36.5%

Correct Answer:

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