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

question 60

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?

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

---

Definitions:

Actual Performance

The real, observable output or results that an individual or organization achieves, as opposed to expected or planned outcomes.

Exceeded The Standard

Surpassing the established benchmarks or expectations set for performance or quality.

Desired Performance

The specific level of output or efficiency an organization aims to achieve through its employees or systems.

Actual Performance

The real, measurable outcomes or results achieved by an individual, team, or organization.