CFA Practice Question

There are 120 practice questions for this study session.

CFA Practice Question

Your company purchased $10,000 worth of inventory on January 2nd on credit. The terms of the sale are 3/15 net 45. How much will you pay if payment is made on January 15th?

A. $9,300
B. $9,700
C. $10,300
Correct Answer: B

You are still in the discount period on January 15th.

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