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:

Appearance-reality Distinction

The appearance-reality distinction is a cognitive development concept, indicating a child's ability to differentiate between how things seem and how they actually are.

Mental Representation

Internal cognitive symbols that represent external reality or mental imagery, used in thought processes to understand and interact with the world.

Mass

A measure of the amount of matter in an object, often confused with weight, which is the force exerted by gravity on an object.

Cross-culturally

Relating to or involving comparison between two or more cultures to explore their differences and similarities, often used in research to understand universal versus culture-specific behaviors and practices.