Merchandise Subject to Terms 2/10, N/30, FOB Shipping Point, Is

question 49

Multiple Choice

Merchandise subject to terms 2/10, n/30, FOB shipping point, is sold on account to a customer for $25,000. What is the amount of the sales discount allowable?

• A) $260
• B) $500
• C) $460
• D) $150

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Definitions:

Agriculture Sectors

Different divisions within the agricultural industry, each focusing on various aspects of crop and livestock production, processing, and distribution.

Productivity

The efficiency of production, measured as the amount of output produced per unit of input used.

Little Capital

A term referring to businesses or investments that require a relatively small amount of money to start or maintain.

Infant Mortality Rate

A statistical measure representing the number of deaths of infants under one year old per 1,000 live births in a given year.