Sarah Just Received an Invoice for $12,000 with Terms of 2/10

question 18

Multiple Choice

Sarah just received an invoice for $12,000 with terms of 2/10, n/30. The invoice date was June 1. Her contract with the vendor indicates a charge of 1.5 percent per month on late payments. If Sarah pays this bill on June 5, she will send the vendor a check for

• A) $11,760.
• B) $12,000.
• C) $12,180.
• D) Cannot answer without more information.

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Definitions:

Social Networks

Online platforms that enable users to connect, interact, and share content with others, often organized around personal, professional, or thematic interests.

Subcategory of E-commerce

A specific division or smaller category within the broader realm of electronic commerce, focusing on a particular type of products, services, or business models.

Online Auction Site

A website where goods or services are sold to the highest bidder through an auction process.

Online Store

A website or application where goods and services can be bought over the Internet using a web browser or mobile app.