Floors, Inc

question 101

Multiple Choice

Floors, Inc.offers terms of 2/10, n/30 to credit customers.Tile Magic Corp.purchased 100 tile cutters with a list price of $20 each on August 5, 2015, on account.
If Tile Magic Corp.pays the amount of the invoice for its purchase on August 14, 2015, how much cash will Floors receive from Tile Magic Corp.?

• A)$1,764
• B)$1,800
• C)$1,960
• D)$2,000

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Definitions:

Tolerance

The capacity to endure continued exposure to a substance without adverse reactions, or a willingness to accept feelings, habits, or beliefs that are different from one's own.

Intoxication

Intoxication is a physiological condition that results from the ingestion of substances such as alcohol or drugs, leading to impaired cognitive and physical abilities.

Tolerance

The process of becoming less responsive to a substance (such as drugs) or a stimulus after repeated exposure.

Withdrawal

The process of reducing or eliminating the use of a substance, characterized by a set of symptoms that can vary in severity depending on the substance and duration of use.