If an Invoice Shows a Total of $3,000 with Terms

question 2

Multiple Choice

If an invoice shows a total of $3,000 with terms 5/15, n/60, which of the following is NOT a true statement?

• A)The customer must pay $3,000 within 60 days after the date of the invoice.
• B)The customer may pay $2,850 within 15 days to satisfy the bill.
• C)The customer will receive a 10% discount if they pay within 60 days.
• D)The customer has a discount period of 15 days.

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Definitions:

Interpret Source

The act of analyzing and deriving meaning from a document, artifact, or other form of original material.

Source's Reputation

The general opinion or perception regarding the credibility and reliability of a particular information source.

Purpose Material

Content or documents created with a specific goal or intention in mind, often to inform, persuade, or educate a target audience.

Independently Verified

Confirmed or validated by a third-party source without any connection to the subject being verified.