A Company That Purchases Inventory for $10,000 with Terms 2/10,n/30

question 11

Multiple Choice

A company that purchases inventory for $10,000 with terms 2/10,n/30.It then returns $2,000 of the inventory purchased to the supplier and also receives an allowance for defective inventory of $100.The company pays the amount due within the discount period.What is the amount of the discount that will be taken?

• A) $200
• B) $158
• C) $160
• D) $198

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Definitions:

High-Potential Employees

Workers identified as having the capabilities, ambition, and potential to hold leadership roles or significantly impact the organization's future.

Minorities

Groups within a population that are differentiated from the majority by cultural, ethnic, racial, or religious characteristics.

Mentors

Experienced and trusted advisors who guide and support less experienced individuals in their personal or professional development.

Interpersonal Relationships

The connections and interactions between two or more people, including friendships, romantic relationships, and professional relationships.