If Merchandise Bought on Account Has a List Price of $5,000

question 91

Multiple Choice

If merchandise bought on account has a list price of $5,000, with a trade discount of 25% and credit terms of 1/10, n/30, what is the amount to be credited to Accounts Payable?

• A) $5,000
• B) $3,750
• C) $3,712.50
• D) $3,787.50

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Definitions:

Religious Beliefs

Convictions or faith in the doctrines and practices of a religion, which influence an individual's or community's lifestyle and worldview.

Religious Pluralism

Refers to the diverse array of religions and religious beliefs in a given area.

Religious Diversity

The existence of multiple religions and spiritual beliefs within a society, acknowledging the variety of religious practices and their contributions to culture.

Religious Institutions

Organizations dedicated to the practice and dissemination of a particular religion, including churches, mosques, temples, and synagogues.