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CTP · Question #164
CTP Question #164: Real Exam Question with Answer & Explanation
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Question
- (Topic 2) An accounts payable manager has been mandated to accept all trade discount opportunities with an effective cost of discount above 25%. An invoice has been presented and approved for payment with terms of 3/5, net 30 days. What is the difference between the effective cost of discount offered, and the 25% rate set by the company?
Options
- A14%
- B17%
- C20%
- D22%
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