An Invoice Amount Is $2,169

question 17

Multiple Choice

An invoice amount is $2,169.50 and the terms are 3/10 EOM. A partial payment of $750 is made within the discount period. What is the balance due on the invoice after the partial payment?

• A) $1,396.30
• B) $1,419.50
• C) $1,491.50
• D) $1,496.30

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Definitions:

Education Tool

An education tool is any device, software, or resource used to enhance teaching and learning processes.

Relationship Marketing

Developing and maintaining long-term, cost-effective exchange relationships with partners.

Electronic Commerce

The buying and selling of goods and services, or the transmission of funds or data, over an electronic network, primarily the internet.

Market Segmentation

The practice of dividing a market into distinct groups of buyers with different needs, characteristics, or behaviors.