An Invoice for $9,000 Dated September 1 with Terms 2/10

question 4

Multiple Choice

An invoice for $9,000 dated September 1 with terms 2/10, 1½/20, n/30 is received in the mail on September 3. The company sent a cheque on September 12 for $5,000. What is their outstanding balance?

• A) $4,000.00
• B) $3,897.96
• C) $3,900.00
• D) $3,925.00
• E) $3,923.86

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Definitions:

Linear

Pertaining to or resembling a line; involving a sequence of events that follows a straightforward, direct path with a clear beginning and end.

Cause and Effect

The relationship between events or phenomena where one is the result of the other or others, a fundamental principle of logic and reasoning.

Negotiating Collective

A group or body that comes together to bargain collectively, often for better wages, working conditions, or other shared goals.

Symbolic Practices

Actions or rituals that represent or communicate particular meanings, values, or beliefs within a culture or society.