- CFA Exams
- CFA Level I Exam
- Topic 3. Corporate Issuers
- Learning Module 4. Working Capital and Liquidity
- Subject 1. Cash Conversion Cycle
CFA Practice Question
Your company purchased $10,000 worth of inventory on January 2nd on credit. The terms of the sale are 3/15 net 45. How much will you pay if payment is made on January 15th?
B. $9,700
C. $10,300
A. $9,300
B. $9,700
C. $10,300
Correct Answer: B
You are still in the discount period on January 15th.
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