Fragment Company Is a Wholesaler That Sells Merchandise in Large

question 234

Multiple Choice

Fragment Company is a wholesaler that sells merchandise in large quantities. Its catalog indicates a list price of $300 per unit on a particular product and a 40% trade discount is offered for quantity purchases of 50 units or more. The cost of shipping the merchandise is $7 per unit under terms FOB shipping point. If a customer purchases 100 units of this product, what is the amount of sales revenue that Fragment will record from this sale?

• A) $30,000
• B) $29,300
• C) $18,700
• D) $30,700
• E) $18,000

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Definitions:

Longitudinal Method

A research design that involves repeated observations of the same variables over short or long periods of time.

Developmental Psychology

Area of psychology in which the psychologists study the changes in the way people think, relate to others, and feel as they age.

Life Span

The maximum length of time an organism is expected to live, or the length of time an individual actually lives.

Developmental Psychology

The scientific study of how and why human beings change over the course of their life, from infancy through childhood, adolescence, adulthood, and aging.