If You Ordered an Inventory Item, 15 Cans of Dog

question 10

Multiple Choice

If you ordered an inventory item, 15 cans of dog food at $2.00 per can and the sales tax rate is 8 percent, you would pay _____in sales tax.

• A)$32.40
• B)$0.00
• C)$2.40
• D)None of the above

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Definitions:

Endorsement

An amendment or addition to an existing document or contract, or the act of publically or officially supporting a product or idea.

Order Instrument

A financial document payable to a specific individual or entity identified in the document, requiring endorsement by the payee for cashing or deposit.

Payable

Describes an amount of money that is owed and should be paid to a person or organization.

Qualified Endorsement

A type of endorsement on a negotiable instrument, which limits the liability of the endorser.