A Firm Offered 3/10, Net 30 as Terms of Trade

question 46

Multiple Choice

A firm offered 3/10, net 30 as terms of trade credit on a $1,000 invoice dated January 1.How much must the purchaser offer to pay in full on January 4th?

• A)$970.00
• B)$971.16
• C)$1,000.00
• D)$1,030.00

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Definitions:

Pollution

The introduction of contaminants into the natural environment that cause adverse changes, affecting air, water, and soil quality.

Environmental Standard

Regulations and criteria set by authorities regarding pollutants and emissions to protect the environment and public health.

Emissions Tax

A tax on the production, sale, or use of goods that produce pollutants, intended to reduce the harm they cause to the environment.

Marginal Benefit

The added gain achieved by consuming an additional unit of a product or service.