A Company Purchased $1,500 of Merchandise on Credit with Terms

question 163

Multiple Choice

A company purchased $1,500 of merchandise on credit with terms 3/15,n/30.How much will be debited to Accounts Payable if the company pays $485 cash on this account within ten days?

• A)$485
• B)$500
• C)Nothing will debited to Accounts Payable,the account should be credited in this situation
• D)$470.45
• E)$1,455

---

Definitions:

Discrete Binomial Distribution

A probability distribution that models the number of successes in a fixed number of independent yes/no experiments, each with the same probability of success.

Continuous Normal Distribution

A type of probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values differ from the mean of the set.

Normal Distribution

A probability distribution that is symmetric around the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.