Quick Depot Buys Tools from a Supplier with an Invoice

question 138

Multiple Choice

Quick Depot buys tools from a supplier with an invoice amount of $19,700. The terms of the sale are 15/15, n/30. What is the net amount due on the order if the bill is paid by the 15th day?

• A) $18,245
• B) $19,700
• C) $16,745
• D) $17,760

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Definitions:

Symbolic Thought

The ability to use symbols, signs, or objects to represent something else, which is a key aspect of human language and complex thinking.

Human Experience

The sum of individual and collective perceptions, feelings, thoughts, and interactions throughout one's life.

Social Exclusion

The process or act of rejecting or denying certain individuals or groups access to social interaction or inclusion within a society or group.

Physical Pain

An unpleasant sensory and emotional experience associated with actual or potential tissue damage.