The Following Invoice Was Received for 30 Shrubs at $3

question 165

Multiple Choice

The following invoice was received for 30 shrubs at $3.50 each and 10 raspberry plants at $1.50 each. Terms 4/10, 1/30, n/60. If the invoice was dated May 20 and it was paid on May 30 what was the amount of the payment?

• A) $115.20
• B) $99.75
• C) $10.93
• D) $126.00
• E) $199.50

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Definitions:

Implicit Guarantee

An unstated or implied promise or assurance, often believed to exist due to past practices or general market perceptions.

Future Performance

A contractual commitment to perform a service or deliver a product at a future date.

Breach of Warranty

The violation of a claim or promise about a product's condition, quality, or performance.

Discovered the Defect

The identification by a buyer or lessee of a flaw or deficiency in a product or property that was not known at the time of purchase or lease.