An Invoice Received from a Supplier for $8,000 on January

question 135

Multiple Choice

An invoice received from a supplier for $8,000 on January 1 with terms 1/15, n/30 means that the company should pay

• A) $6,800 before January 16.
• B) either $7,920 before January 16 or $8,000 before the end of the month.
• C) $8,000 between January 2 and January 16.
• D) $7,920 before the end of January.

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