Jake CoPurchased on Account Merchandise with a List Price of $90,000

question 37

Multiple Choice

Jake Co.purchased on account merchandise with a list price of $90,000.Payment terms were 1/15,n/45.If collection occurs within 18 days,what discount will Jake Co.recognize on the merchandise?

• A)$13,500
• B)$900
• C)$500
• D)$0

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Definitions:

Large Brains

Refers to species, including humans, that have brains larger than would be expected based on their body size, often associated with higher levels of cognitive function.

Notochord

A flexible rod-shaped body found in the embryonic stage of all chordates that provides skeletal support.

Longitudinal

Pertaining to research or studies that follow the same subjects over a period of time to observe changes.

Flexible Rod

A structural element that is capable of bending or flexing under load while maintaining its integrity.