A Company Purchased $1,800 of Merchandise on December 5

question 211

Multiple Choice

A company purchased $1,800 of merchandise on December 5.On December 7,it returned $200 worth of merchandise.On December 8,it paid the balance in full,taking a 2% discount.The amount of the cash paid on December 8 is:

• A)$200.
• B)$1,564.
• C)$1,568.
• D)$1,600.
• E)$1,800.

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Definitions:

Zygote

The cell that is formed from the union of the egg and sperm.

Mesoderm

The middle layer of an embryo in early development, which gives rise to muscles, bones, and other connective tissues.

Ectoderm

The outermost layer of cells or tissue of an embryo in early development, giving rise to the outer layer of skin and nervous system.

Endoderm

The innermost layer of cells or tissue of an embryo in early development, which gives rise to the linings of the digestive and respiratory systems.