A Trade Credit Bill of $80,000 with Terms of Sale

question 8

Multiple Choice

A trade credit bill of $80,000 with terms of sale of 2/5, net 30 means the buyer saves ____ if the bill is paid within the discount period.

• A) $400
• B) $1,600
• C) $2,500
• D) $4,000

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Definitions:

Reliability

The consistency of response to a psychological assessment device.

Personality Assessment

The measurement of personal characteristics through tests and observations, often used to identify psychological traits or disorders.

Consistency

It refers to the degree to which a person's actions, beliefs, attitudes, and feelings remain the same over time or across situations.

Ethnicity

A categorization of people based on shared cultural, linguistic, or ancestral traits.