Solve for the Amount of Discount and Amount Due

question 46

Multiple Choice

Solve for the amount of discount and amount due.
-Invoice amt: $4,185
Invoice date: Mar 6
Terms:
Date paid: Mar 13

• A)Amount of discount: $0; amount due: $4,185
• B)Amount of discount: $167.40; amount due: $4,017.60
• C)Amount of discount: $41.85; amount due: $4,143.15
• D)Amount of discount: $418.50; amount due: $3,766.50

---

Definitions:

Cash

Currency or coins that are used as a medium of exchange for transactions; also, readily available liquidity or assets.

Partnership Act

Legislation governing the operation of partnerships, detailing the rights and responsibilities of each partner.

Partnership Creditors

Individuals or entities to whom a partnership owes money or has a debt obligation.

Personal Assets

Items of economic value owned by an individual, which can include tangible items like property and vehicles or intangible assets.