Mike Returned $200 of Merchandise to Secret Trails

question 46

Multiple Choice

Mike returned $200 of merchandise to Secret Trails.His original purchase was Mike 400,with terms 1/10,n/30.If Justin pays the balance of his account after the discount period,how much should he pay?

• A)$204.00
• B)$196.00
• C)$200.00
• D)$400.00

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Definitions:

Long-term Plan

A long-term plan is a detailed strategic guide designed to help an organization achieve its overarching goals over an extended period, usually spanning several years.

Succession Plan

A strategy articulated by organizations to ensure the continuous filling of key roles by preparing for transitions in leadership.

Divestiture

The sale of a division or part of an organization.

Profitable

Yielding financial gain or benefit; making more money than the expenses incurred.