An Invoice for $20,000 Dated March 15 with Terms 3/10

question 266

Multiple Choice

An invoice for $20,000 dated March 15 with terms 3/10, 2/20, n/30 is received in the mail on March 17^th. A payment of $10,000 is made on March 26. How much is credited to the account?

• A) $10,204.08
• B) $10,150
• C) $9,800
• D) $9,850
• E) $10,000

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Definitions:

Progesterone

A steroid hormone involved in the menstrual cycle, pregnancy, and embryogenesis of humans and other species.

Estrogens

Female sex hormones produced by the ovary; promote the development and maintenance of female reproductive structures and of secondary sex characteristics.

Prolactin

A hormone produced by the anterior pituitary gland that stimulates milk production after childbirth and affects many other functions in the body, including metabolism, immune system regulation, and water and electrolyte balance.

Glycoproteins

Proteins that have carbohydrate groups attached to the polypeptide chain, involved in various biological processes, including cell-cell recognition and immune responses.