Thomas Ski Equipment receives an invoice for $10,000 worth of merchandise from one of its suppliers. The invoice has discount terms of 2/10, net/60. Twenty days later, Thomas Ski Equipment writes a check for ____ to pay the invoice.

A. $10,200
B. $10,000
C. $9,800
D. $9,000
E. $200


Answer: B

Business

You might also like to view...

When an agent's duties conflict with the principal's own interests, ________.

A. the agent must resign immediately B. the agent must disclose these facts to the principal C. the agent has breached the duty of loyalty D. if the agency is gratuitous, there is no duty of disclosure

Business

Which of the following could give rise to an accountant's criminal liability?

a. Falsely completing a tax return. b. Tampering with accounting records. c. Advising a client to falsely complete his own tax return. d. All of these could subject an accountant to criminal liability.

Business

Games Galore Corporation hires Haley, a minor, to create new customized game software for certain clients. Haley signs a contract that requires her to work for Games Galore for eighteen months. Before beginning work, however, Haley tells Games Galore

that she will not create new softwarefor Games Galore and that she is going to work for Ideal Worldcraft, Inc, a Games Galore competitor. Is Games Galore'scontract with Haley en¬forceable? Why or why not?

Business

Agents are used in business channels for standardized products and in situations in which information gathering and selling functions are important.

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

Business