Rainbow Inc.'s sales equal $200,000 each month. Rainbow generally permits credit purchases with terms of 3/10 net 30. Ten (10) percent of total sales are for cash, and the remaining 90 percent pay on credit. Of the credit sales, 20 percent are paid on Day 10 of the billing cycle, and the rest pay on Day 30 (in the following month). What is the amount of the discounts that Rainbow's customers normally take?
A. $850
B. $720
C. $560
D. $485
E. $900
Answer: B
You might also like to view...
Solve the problem.Find the mass of a thin infinite region in the first quadrant bounded by the coordinate axes and the curve 
if 
.
A. 
B. 
C. 
D. 
Determine whether the given function satisfies a Laplace equation.f(x, y) = 
A. Yes B. No
Solve the problem.The area of a trapezoid of height h, small base b, and large base B is given by 
. Find the area of a trapezoid whose height is 2 m, small base is 10 m, and large base is 11 m.
A. 110 m2 B. 0 m2 C. 10.5 m2 D. 21 m2
Find the numbers at which f is continuous. At which numbers is f discontinuous?f(x) = 4 tan x
A. continuous for all real numbers except x = 
where k is an odd integer
B. continuous for all real numbers except x = 
where k is an odd integer
C. continuous for all real numbers
D. continuous for all real numbers except x = 0