On October 30, Goods with a List Price of $9,200

question 44

Multiple Choice

On October 30, goods with a list price of $9,200 are sold, subject to a trade discount of 25 percent with terms of 2/10, n/30. Payment is received from the customer on November 5. The amount of cash received on November 5 is

• A) $6,160.
• B) $8,770.
• C) $6,762.
• D) $6,036.
• E) $6,900.

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Definitions:

Tuition

The fee charged for instruction or teaching, typically for courses at a school, college, or university.

On-Campus

Located within the grounds of a college or university.

Off-Campus

Referring to activities, housing, or locations that are not located within the grounds of a college or university.

Subsidized Loans

Loans where the government pays the interest while the borrower is in school, during grace periods, or during deferment periods.