Conan Purchases Chocolate Having an Invoice Price of $23,700

question 110

Multiple Choice

Conan purchases chocolate having an invoice price of $23,700. The terms of sale are 20/11, n/30. What is the cash discount if the bill is paid by the 10th day?

• A) $4,740
• B) $1,375
• C) $11,644
• D) $4,310

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Definitions:

Legal Authorization

Official permission granted under law or by proper authority for an action or activity to occur.

Mexico And Central America

The geographical region comprising Mexico and the seven countries of Central America, notable for its cultural, historical, and economic interconnections.

Inalienable Rights

Fundamental rights that every individual is entitled to, such as life, liberty, and the pursuit of happiness, which cannot be taken away by government.

Declaration Of Independence

The document by which the Thirteen Colonies in North America announced their separation from the British Empire and their intention to form an independent nation in 1776.