Author Question: Find the net amount due after merchandise has been returned on the following if paid within the ... (Read 66 times)

bb · **on:** Jun 24, 2018

Find the net amount due after merchandise has been returned on the following if paid within the discount period. Invoice amount: 5,685.00; terms: 2/10, n/30; cost of returned merchandise: 582.00
a. 5,000.94

b. 5,100.85

c. 5,230.50

d. 5,499.25

Question 2

When n is reasonably large and p isn't too close to 0 or 1, the binomial distribution can be well approximated by which of the following distributions?
a. uniform distribution
b. normal distribution
c. triangular distribution
d. none of these choices