MrsMatthews Has Received an Invoice from the Manufacturer for Which

question 114

Multiple Choice

Mrs.Matthews has received an invoice from the manufacturer for which she distributes products.The invoice states credit terms of 3/10,net/30.Puzzled by this,she calls on you to explain.You indicate that the notation 3/10 means that

• A) she may take a 30 percent discount if she pays the invoice within three days.
• B) she must pay the entire amount in three days.
• C) after three days,she must pay the new amount in ten days.
• D) her line of credit is equivalent to three-tenths of the dollar value of her business.
• E) she may take a 3 percent discount if she pays the invoice within ten days.

---

Definitions:

P-Toluic Acid

A type of benzoic acid derivative where the methyl group is positioned para to the carboxylic acid group.

Toluene

An aromatic hydrocarbon used as an industrial solvent, known for its benzene ring attached to a methyl group.

Alkenes

Unsaturated hydrocarbons containing at least one carbon-carbon double bond, characterized by the general formula CnH2n.

Propanoic Acid

An organic compound, also known as propionic acid, characterized by a three-carbon straight-chain structure with a carboxylic acid functional group.