An Accounts Payable Officer Received a Bill for $3010, Dated

question 36

Multiple Choice

An accounts payable officer received a bill for $3010, dated July 9, with sales terms 4 / 10, n / 30. Find the cash discount and amount due if the bill was paid July 29.

• A) Cash discount: $0; net amount: $3010
• B) Cash discount: $30.10; net amount: $2979.90
• C) Cash discount: $120.40; net amount: $2889.60
• D) Cash discount: $301.00; net amount: $2709.00

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Definitions:

Unifying Themes

Central ideas or concepts that are common across a wide range of subjects, serving to link different areas of study or thought.

Psychological

Pertains to the mind or mental processes and how these affect behavior and well-being.

Psychoactive Drugs

Substances that can alter perception, mood, consciousness, or behavior by affecting the central nervous system.

Lethal Overdose

The consumption of a toxic amount of a substance, which is sufficient to cause death.