Short Term Financing

Short Term Financing

1st Grade - Professional Development

10 Qs

quiz-placeholder

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Short Term Financing

Short Term Financing

Assessment

Quiz

Business

1st Grade - Professional Development

Practice Problem

Hard

Created by

NUR MAHFUZAH BINTI MOHAMAD AMIN

Used 58+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the cost of giving up the cash discount of credit term 2/15 net 30

0.324

3.24

32.4

0.0324

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the cost of giving up the cash discount of credit term 5/20 net 40

9.6053

0.0961

0.9605

0.9560

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the cost of giving up the cash discount of credit term 4/15 net 35

0.7640

0.7406

0.6704

0.7604

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the cost of giving up the cash discount of credit term 7/20 net 60

0.6868

6.8667

0.6886

0.8668

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the cost of giving up the cash discount of credit term 8/30 net 50

0.1587

1.5870

0.5871

0.1578

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the cost of giving up the cash discount of credit term 5/30 net 50

0.9605

0.6905

0.5906

0.5609

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Sharina wishes to borrow RM20,000 for one year. The bank offers a simple interest loan at 14% per annum. Calculate the effective annual interest cost of the loan.

41%

14%

16%

20%

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