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

question 65

Multiple Choice

If a company purchases $3,200 worth of inventory with terms of 2/10, n/30 on March 3 and pays March 12, then the amount paid to the seller would be

• A)$3,136
• B)$3,150
• C)$3,168
• D)$3,200

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Definitions:

Braggart

A Braggart is someone who boasts about achievements or possessions excessively and arrogantly.

Encoding

The initial learning of information; transforming sensory input into a form that is memorable in the brain.

Intermediate

Positioned between two extremes or in the middle of a range, often referring to a level of skill, difficulty, or complexity that is not basic but not advanced either.

Impersonal

Lacking personal interest, attachment, or warmth; not relating to or influenced by personal feelings.