An Invoice for $35,000 Dated March 15 with Terms 3/10

question 239

Multiple Choice

An invoice for $35,000 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 $25,000?

• A) $9,700
• B) $10,000
• C) $9800
• D) $10,200
• E) $10,300

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Definitions:

Main Pressure

Refers to the primary pressure within a system, such as the hydraulic pressure in an automotive braking system or the main air pressure in a compressed air system.

Within Specification

The state of an item or system operating or existing within the set limits defined by the manufacturer or industry standards.

Clutch Control

The mechanism or system that engages or disengages the engine from the drivetrain in a manual transmission vehicle.

Caterpillar CX

A series of industrial power transmission components, such as heavy-duty automatic transmissions, made by Caterpillar Inc. for various applications.