The 80-20 rule in marketing is that 20% of the company's profits are provided by 80% of its customers

Kern Company sells merchandise on account for $8,000 to Block Company with credit terms of 2/10, n/30. Block Company returns $1,600 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check?

A. $6,272 B. $6,400 C. $7,480 D. $7,872

Monte Carlo simulation uses statistical sampling to create outcomes for a large number of trials

Indicate whether the statement is true or false.