If a Company Purchases $3,200 Worth of Inventory with Terms

question 79

Multiple Choice

If a company purchases $3,200 worth of inventory with terms of 3/10,n/30 on March 3 and pays March 12,then the amount paid to the seller would be

• A)$96.
• B)$3,104.
• C)$3,200.
• D)None of these are correct.

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Definitions:

Commuted

Traveling regularly over a long distance between one's home and place of work or study.

Survey

a method of gathering information by asking a series of questions to a group of people.

Type I Error

The mistaken dismissal of a correct null hypothesis, often referred to as a "false positive."

Proportion

A part, share, or number considered in comparative relation to a whole, typically expressed as a fraction or percentage.