You Are Buying Goods Worth $75,000 from a Firm That

question 32

Multiple Choice

You are buying goods worth $75,000 from a firm that offers the credit terms of 2/10, net 30.What will be the actual payment if you paid within 10 days?

• A)$73,500
• B)$74,250
• C)$75,000
• D)$76,500 Cash discount = 75,000 x .02 = $1,500

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Definitions:

Catalyzes

Increases the rate of a chemical reaction without undergoing any permanent chemical change, typically referencing the action of enzymes.

Enzyme

Biological catalysts that speed up chemical reactions in living organisms without being consumed themselves.

Enzyme Catalysis

The acceleration of a chemical reaction by a protein catalyst, known as an enzyme.

Zero-Order Reactions

Chemical reactions where the rate is independent of the concentration of the reactant(s).