If a Company Purchases $3,200 Worth of Inventory with Terms

question 61

Multiple Choice

If a company purchases $3,200 worth of inventory with terms of 2/10,n/30 on March 3 and pays April 2,then the amount paid to the seller would be

• A)$3,136.
• B)$3,150.
• C)$3,168.
• D)$3,200.

---

Definitions:

Market Rate of Return

The average rate of return expected by investors in a particular market, based on historical or anticipated investment performance.

Annual Dividend

The total dividend payments a company makes to its shareholders in a year, often expressed as a payment per share.

Market Rate of Return

The average rate of return of a specific market or investment over a certain period, reflecting the gains and losses in that market.

Annual Dividend

The total dividend payment a shareholder receives from a company in one year, based on the number of shares owned.