You Are Buying Goods Worth $75,000 from a Firm That

question 117

Multiple Choice

You are buying goods worth $75,000 from a firm that offers the credit terms of 2/10,net 30.What will be the actual payment if you paid within 10 days?

• A) $73,500
• B) $74,250
• C) $75,000
• D) $76,500

---

Definitions:

Service Brakes

The primary braking system used during normal vehicle operation, enabling a driver to reduce speed or bring the vehicle to a stop.

Timing

The procedure used to time interacting mechanical components. See timing marks.

Power Screw

A mechanical device used to convert rotary motion into linear motion, commonly used in machinery for lifting, pressing, or clamping actions.

Foundation Brakes

The main components of a vehicle's brake system directly responsible for slowing or stopping the vehicle, including elements like the brake pads, rotors, and drums.