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:

Technology Advances

The process of innovation and improvement in tools, machines, techniques, and methods of operation, enhancing efficiency and efficacy.

Giant Panda

A large, bear-like, endangered mammal native to China, known for its distinctive black and white coloring and diet primarily of bamboo.

Endangered Species

Species at risk of extinction due to a significant decline in population or habitat, requiring protection and conservation efforts.

Low Birth Rate

A demographic situation where the number of live births per 1,000 people in a population is lower than usual, often signaling changes in society or economy.