An Invoice,with Payment Terms of 6/10,n/30,was Issued on April 28

question 88

Multiple Choice

An invoice,with payment terms of 6/10,n/30,was issued on April 28 for $230.00.If the payment was made on May 12,the amount of payment will be ________.(Round your answer to the nearest cent. )

• A)$230.00
• B)$207.00
• C)$216.20
• D)$224.00

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Definitions:

Price Level

The standard price level for a wide array of goods and services in the economic sector, averaged out.

Dollar Appreciate

The increase in the value of the U.S. dollar relative to other currencies.

Dollar Depreciate

A decline in the value of the US dollar relative to other currencies, leading to decreased purchasing power internationally.

Currency Devaluations

The reduction in value of a country's currency with respect to foreign currencies.