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:

Labor Force

The labor force refers to the total number of people eligible and available to work, including both the employed and the unemployed.

French Calvinist

A follower of the teachings of John Calvin, a leader in the Protestant Reformation, specifically within the French context, often referred to as Huguenots.

Huguenots

French Protestants who followed the Reformed tradition, facing severe persecution in France during the 16th and 17th centuries, leading many to flee abroad.

Catholicism

The Christian denomination led by the Pope in Rome, characterized by its sacramental system, adherence to the Nicene Creed, and a hierarchical structure.