An Invoice for $45,780 Has Terms of 3/15, N/90

question 65

Multiple Choice

An invoice for $45,780 has terms of 3/15, n/90. The date of the invoice is March 10. What payment on March 23 would be enough to settle the debt?

• A) $44,407
• B) $38,913
• C) $41,660
• D) $45,780
• E) $44,219

Understand the concept of the Internet of Things (IoT) and its applications.

Grasp the significance of environmental scanning in identifying technological and competitive forces.

Acknowledge the role of marketing strategies in different competitive environments.

Understand government regulation of monopolies and its impact on marketing.

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Definitions:

Cost Center

A business segment whose manager has control over cost but has no control over revenue or investments in operating assets.

Responsibility Center

Any business segment whose manager has control over costs, revenues, or investments in operating assets.

Buying Division

A segment within a company responsible for purchasing products, materials, and services required for the company’s operations.

Transferred Item

Goods that are moved from one process, department, or location to another within the same company.