Final answer:
The question relates to accounting and involves understanding credit terms and shipping agreements, specifically '1/10, n/30, FOB destination' tied to a purchase made on credit.
Step-by-step explanation:
The question pertains to accounting and credit terms, which are common concepts within business studies. The credit terms of 1/10, n/30 indicate that the buyer can take a 1% discount on the invoice price if the payment is made within 10 days of the invoice date, otherwise the net amount is due within 30 days. The mention of FOB destination specifies that the seller is responsible for the freight charges and bears the risk of loss or damage until the goods are delivered to the buyer's location. The invoice date of August 1 is relevant for calculating the discount period and the final due date for payment.