An Invoice,with Payment Terms of 2/10,n/30,was Issued on April 28

question 226

Multiple Choice

An invoice,with payment terms of 2/10,n/30,was issued on April 28 for $250.00.If the payment was made on May 12,the amount of payment will be ________.(Round your answer to the nearest cent. )

• A)$250.00
• B)$225.00
• C)$245.00
• D)$248.00

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Definitions:

Diseconomies of Scale

A situation in which a company or business grows so large that the costs per unit increase.

Long-run ATC

Long-run Average Total Cost refers to the per-unit cost of production in the long term where all inputs are considered variable.

Rate of Return

The rise or fall in an investment's worth over a designated period, articulated as a percentage of the cost of the investment.

Natural Monopolies

Natural monopolies occur in industries where the costs of production are lowest when a single firm supplies all the output, such as utilities companies.