The Terms on an Invoice Dated March 10 Are 2/10

question 16

Multiple Choice

The terms on an invoice dated March 10 are 2/10, net 30. The invoice total is $3,000. What is the amount to be paid after taking any allowed discount if the invoice is paid on March 16?

• A) $2940
• B) $2960
• C) $3000
• D) none of the above

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Definitions:

Aponeurosis

A tough, sheet-like structure that is made of fibrous connective tissue. It typically attaches muscles to other muscles.

Creatine Phosphate

A protein that stores extra phosphate groups.

Phosphate Groups

Functional groups consisting of a phosphorus atom bonded to four oxygen atoms, important in energy transfer and molecular signaling.

Acetylcholine

A neurotransmitter involved in the activation of muscle action, memory, and transmission of nerve impulses.