Multiple Choice
Gordon Enterprises usually takes 60 days to pay its suppliers. In order to encourage prompt payment, supplier Y offers Flash Enterprises a 2% discount for payment within 10 days. What is the annual percentage discount forgone if Flash Enterprises does not take up the discount offer?
A) 11%.
B) 14.6%.
C) 9.1%.
D) 1.5%.
Correct Answer:
Verified
Correct Answer:
Verified
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