An Invoice of $600 for Merchandise Purchased Is Showing 2/15,n/30

question 230

Multiple Choice

An invoice of $600 for merchandise purchased is showing 2/15,n/30 as terms of credit.If the invoice is paid on or before the fifteenth day after the invoice date,the amount to be paid is ________.

• A)$588
• B)$600
• C)$612
• D)$615

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Definitions:

Marketing Costs

The total expenses related to promoting and selling a product or service, including advertising, public relations, and promotional strategies.

Return on Investment

A performance measure used to evaluate the efficiency or profitability of an investment relative to its cost.

Entrepreneurial Venture

A new business enterprise that is initiated by an entrepreneur, often characterized by innovation, risk-taking, and growth potential.

Value Analyses

A method of assessing the functions of a product or service to reduce costs and improve product value for consumers.