Solve for the Amount of Discount and Amount Due

question 81

Multiple Choice

Solve for the amount of discount and amount due.
-Invoice amt: $392.59
Invoice date: Sept 10
Terms:
EOM Goods rec'd: Sept 13 Date paid: Oct 8

• A)Amount of discount: $39.26; amount due: $353.33
• B)Amount of discount: $7.65; amount due: $381.59
• C)Amount of discount: $0; amount due: $392.59
• D)Amount of discount: $7.85; amount due: $384.74

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Definitions:

Financial Rewards

Monetary benefits provided to employees or executives, often as a form of incentive or compensation.

High Risk

Refers to investments or financial decisions that carry a high potential for loss in conjunction with the possibility of generating significant returns.

Standard Deviation

A statistical measurement that quantifies the variation or dispersion of a set of data points from its mean, commonly used to gauge volatility in finance.

Diversified Portfolio

An investment strategy that spreads investments across various asset classes to reduce risk and increase the potential for returns.