Solve the Problem. Round to the Nearest Cent

question 28

Multiple Choice

Solve the problem. Round to the nearest cent.
-An invoice is dated Aug 28 AS OF Sep 2 with terms of , n/30. Find the fina l discount date and the net payment date.

• A)Final discount date: Sept 22 Net payment date: Oct 2
• B)Final discount date: Sept 20 Net payment date: Sept 30
• C)Final discount date: Sept 17 Net payment date: Sept 27
• D)Final discount date: Sept 23 Net payment date: Oct 2

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Definitions:

Tax Revenue

The income that is collected by governments through the imposition of taxes on various activities, transactions, income, and property.

Deadweight Losses

Economic inefficiencies that occur when market equilibrium is not achieved or when resources are not allocated optimally.

Gains From Trade

The benefits that countries obtain from engaging in international trade, allowing them to consume and produce beyond their own capabilities.

Tax Revenue

The income gained by the government through the imposition of taxes on individuals and corporations.