A Credit Sale of $1,400 Is Made on July 15

question 166

Multiple Choice

A credit sale of $1,400 is made on July 15, terms 2/10, net/30, on which a return of $100 is granted on July 18.What amount is received as payment in full on July 24?

• A)$1,400
• B)$1,274
• C)$1,350

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Definitions:

Psychoanalyst

A professional who practices psychoanalysis, a therapeutic approach developed by Freud that explores unconscious conflicts and desires influencing behavior.

Symbolically

In a manner that uses symbols or symbolic actions to represent ideas, concepts, or other abstract entities.

Humanistic

Pertaining to a psychological approach that emphasizes individual freedom, personal growth, and the intrinsic value of humans.

Psychological Disorders

Mental disorders characterized by patterns of behavior, thought, or emotions that are abnormal or distressing to the individual, and which interfere with personal function.