An Invoice, with Payment Terms of 5/10, N/30, Was Issued

question 41

Multiple Choice

An invoice, with payment terms of 5/10, n/30, was issued on April 28, for $235. If the payment was made on May 12, the amount of payment will be:

• A)$235.00.
• B)$211.50.
• C)$223.25.
• D)$230.00.

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Definitions:

Composition

The combining of two or more functions by applying one function to the result of another, indicated as \(f(g(x))\).

Horizontal Line Test

A method used to determine if a function has an inverse that is also a function, based on whether any horizontal line intersects the graph more than once.

Inverse Function

A function that reverses the operation of a given function, such that the composition of the two yields the original input.

Function

A framework involving a set of inputs and a roster of potential outputs, with the stipulation that each input is corresponded with only one output.