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:

H. Pylori

A bacteria that infects the stomach lining and is a major cause of ulcers and stomach inflammation.

Stress Hormones

Hormones, such as cortisol, that are released into the body in response to stress, affecting various bodily functions.

Chronic Stress

A consistent sense of feeling pressured and overwhelmed over a long period of time, which can have negative effects on health.

Caffeine Consumption

The intake of caffeine through the consumption of foods and beverages such as coffee, tea, chocolate, and some soft drinks and medications.