An Invoice for $40,000 Dated March 15 with Terms 3/10

question 209

Multiple Choice

An invoice for $40,000 dated March 15 with terms 3/10, 2/20, n/30, ROG was received in the mail on March 18. The shipment of goods was received on March 28. What payment April 8 would reduce the outstanding balance to $20,000?

• A) $19,600
• B) $20,000
• C) $20,400
• D) $20,600
• E) $19,400

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Definitions:

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