The Following Terms Appeared on an Invoice Dated May 20

question 85

Multiple Choice

The following terms appeared on an invoice dated May 20 which was sent by a manufacturer to a retail store: 2/10, net 30. The amount of the invoice was $2,000. Assuming the retailer paid the invoice on May 30 (10 days after the products were delivered) , how much should he have paid?

• A) $1,900
• B) $1,800
• C) $2,000
• D) $1,960
• E) $2,040

Recognize the influence of roles and norms within groups.

Identify the features of formal and informal groups.

Comprehend the concept and importance of social capital.

Understand the factors that contribute to group cohesiveness and attractiveness.

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Definitions:

NAICS

The North American Industry Classification System, which is used to categorize businesses and industries for statistical purposes in the United States, Canada, and Mexico.

Governmental ID System

Systems implemented by governments to issue identification to its citizens, often used for verification purposes and accessing government services.

NASDAQ 100

An index comprising 100 of the largest non-financial companies listed on the NASDAQ stock market, based on market capitalization.

Interval Measure

A statistical metric that defines the distance between two points on a scale with equal intervals, assessing the variation or dispersion of these points.