A Company Purchased $8,750 Worth of Merchandise,with Terms of 2/10,n/30

question 77

Short Answer

A company purchased $8,750 worth of merchandise,with terms of 2/10,n/30.The invoice was paid within the cash discount period.Accordingly,the company received a cash discount of _______________.

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Definitions:

Convenience Sampling

A sampling technique where participants are selected based on their availability or ease of access, rather than at random.

Volunteer Sampling

Obtaining a sample by asking for volunteers.

Sampling Interval

The interval selected in systematic sampling (e.g., every 10th or 100th unit).

Systematic Sampling

Sampling by selecting every nth unit from a population.