A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of merchandise. On July 8, it paid the full amount due. The amount of the cash paid on July 8 equals:

A. $1,568.
B. $1,800.
C. $1,564.
D. $1,600.
E. $200.


Answer: A

Business

You might also like to view...

The sales force is rewarded on a commission basis. It wants to sell quantity and is willing to be flexible on price, whereas the organizations strategy is high quality, high price. Identify this source of conflict

A) goal divergence B) domain dissensus C) differing perceptions of reality D) misuse of power

Business

Answer the following statements true (T) or false (F)

1. Losses weigh more heavily emotionally in decision-making than an equivalent gain. 2. Intuition should not be involved in a leader’s decision-making processes. 3. Common sense and intuition are the same. 4. Overconfidence is a good thing for decision makers.

Business

Breaking any of the four pricing rules for a long period will force a company into bankruptcy

Indicate whether the statement is true or false

Business

What are the primary issues that Citigroup should have considered before the merger?

What will be an ideal response?

Business