An Invoice for $10,000 Dated September 10 with Terms 3/10

question 228

Multiple Choice

An invoice for $10,000 dated September 10 with terms 3/10, 1½/20, n/30, EOM is received in the mail on September 25. A payment is sent on October 11 for $4,000. What is the outstanding balance?

• A) $5,940.00
• B) $6,000.00
• C) $5,918.37
• D) $5,939.08
• E) $5,920.00

---

Definitions:

Quad Cane

A mobility aid with a four-footed base, providing greater stability than a standard cane for people who are partially disabled or need additional support when walking.

Hemiparesis

Weakness on one side of the body, often a result of stroke or brain injury.

Ambulation

The act of walking or moving from one place to another using one's feet.

Graduated Compression Stockings

Specialized hosiery designed to improve blood flow and reduce swelling in the legs by applying varied levels of pressure.