For a $200,000 Trade Payable with Terms of 2/15,net 50,how

question 33

Multiple Choice

For a $200,000 trade payable with terms of 2/15,net 50,how much would be reported as "purchase discount lost" under the net method if a payment was made after 60 days?

• A)$0
• B)$4,000
• C)$5,000
• D)$30,000

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Definitions:

Sustainability

The practice of maintaining processes or systems in ways that ensure they can continue indefinitely without depleting resources or harming the environment.

Productivity Standards

are set benchmarks or metrics used to measure the efficiency and effectiveness of an employee's work output against predetermined targets.

UPS

United Parcel Service, a global shipping and logistics company known for its package delivery services and supply chain management solutions.

Management Thought

The study and application of theories, principles, and techniques concerning effective and efficient leadership and administration of organizations.