On January 15, Nifty Company Sells Merchandise on Account to Martinez

question 249

Multiple Choice

On January 15, Nifty Company sells merchandise on account to Martinez Associates for $3,000 with terms 3/10, n/30. On January 20, Martinez returns merchandise worth $600 to Nifty. On January 24, payment is received from Martinez for the balance due. What is the amount of cash received?

• A) $2,400
• B) $2,328
• C) $2,310
• D) $1,680

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Definitions:

Sleep Deprivation

A condition resulting from not getting enough sleep, which can affect cognitive functions, physical health, and emotional well-being.

Consolidation

the process by which memories become stable in the brain, transforming from a short-term to a long-lasting form.

Circadian Rhythms

Biological processes that follow a roughly 24-hour cycle, affecting physiological and behavioral functions such as sleep-wake cycles.

Restorative Sleep

A phase of sleep that is particularly rejuvenating and vital for physical and mental health.