Harry receives an invoice from one of its European suppliers for antiques. The amount of the invoice is $40,000 with terms of 3/10, net/60. If the invoice is paid on day 20, Beard is entitled to a ____ cash discount and will write the check for ____.
A. $1,200; $1,200
B. $1,200; $38,800
C. $0; $40,000
D. $0; $41,200
E. $0; $1,200
Answer: C
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