A Firm Offered 3/10,net 30 as Terms of Trade Credit

question 36

Multiple Choice

A firm offered 3/10,net 30 as terms of trade credit on a $1,000 invoice dated January 1.How much must the purchaser offer to pay in full on January 4^th?

• A) $970.00
• B) $971.16
• C) $1,000.00
• D) $1,030.00

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Definitions:

Snake Phobia

An irrational and intense fear of snakes, which is a specific type of phobia categorized under anxiety disorders.

Model

A representation of an object or system, often smaller than the original, used in simulations, analysis, teaching, or as a basis for design or understanding.

Self-efficacy

Our feeling of adequacy, efficiency, and competence in coping with life.

Parenting Skills

A set of competencies and strategies that parents employ to effectively raise, nurture, and guide their children.