An Invoice for $30,000 Dated March 15 with Terms 3/10

question 143

Multiple Choice

An invoice for $30,000 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 April 3. What payment April 14 would reduce the outstanding balance to $15,000?

• A) $14,550
• B) $14,700
• C) $15,000
• D) $15,300
• E) $15,450

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Definitions:

Teenagers

Individuals who are in the age range of 13 to 19 years, a developmental stage characterized by physical, psychological, and social changes.

African American

Refers to an ethnic group of Americans with total or partial ancestry from any of the black racial groups of Africa.

Adolescents

A developmental stage referring to individuals typically aged between 13 and 19 years, marking the transition from childhood to adulthood.

Elderly

Referring to individuals who are significantly beyond the average age of retirement, often considered to be 65 years and older.