An Invoice for $75,000 Dated March 15 with Terms 3/10

question 107

Multiple Choice

An invoice for $75,000 dated March 15 with terms 3/10, 2/20, n/30 is received in the mail on March 17. The company sent a cheque on March 26 for $50,000. How much is credited to their account?

• A) $49,000.00
• B) $48,500.00
• C) $50,000.00
• D) $51,020.41
• E) $51,546.39

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Definitions:

R&D Expenditure

Funding allocated towards research and development activities to innovate or improve products or services.

Expected Rate of Return

A measure of the anticipated profit or loss on an investment, expressed as a percentage of the investment's initial cost.

Fast-Second Strategies

Business tactics employed by companies to quickly follow innovators, capitalizing on the market research and initial developments made by the first movers without bearing the same risks or costs.

Dominant Firms

Companies that have a major share of the market and can significantly influence the market's dynamics.