Python Company Sells Merchandise on Account for $5000 to Monte

question 154

Multiple Choice

Python Company sells merchandise on account for $5000 to Monte Company with credit terms of 2/10 n/30. Monte Company returns $1500 of merchandise that was damaged along with a check to settle the account within the discount period. What is the amount of the check?

• A) $3430
• B) $4000
• C) $4900
• D) $4430

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Definitions:

Chromatography

A method used to separate and analyze components of a mixture by passing it through a medium where components move at different rates.

Slightly Different Speed

A variation in velocity, indicating a small but noticeable change in the rate of motion compared to another object or compared to a previous state.

Neutrons

Subatomic particles found in the nucleus of an atom, having no electric charge and a mass about equal to that of protons.