Multiple Choice
Floors, Inc.offers terms of 2/10, n/30 to credit customers.Tile Magic Corp.purchased 100 tile cutters with a list price of $20 each on August 5, 2015, on account.
If Tile Magic Corp.pays the amount of the invoice for its purchase on August 14, 2015, how much cash will Floors receive from Tile Magic Corp.?
A) $1,764
B) $1,800
C) $1,960
D) $2,000
Correct Answer:
Verified
Correct Answer:
Verified
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