Question

On July 1, a company receives an invoice for $800 with the terms 1/10, net 30. On July 15, the payment should be $692 $790 $792 $800 $808

Answer 1

Answer:

option D  $800

Explanation:

I did it

Answer 2

The payment to be received on July 15 should be equivalent to $800.

What are payments?

The amount received for the purpose served or promised to be served by a seller is known as a payment. Generally, discounts are offered for making early payments.

The discount offered for a period of 30 days cannot be redeemed for payment done within 15 days.

Thus, option D holds true that the payment of $800 shall be received on July 15.

Learn more about payments here:

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