Which One of the Following Statements Regarding Sales Discounts Is

question 89

Multiple Choice

Which one of the following statements regarding sales discounts is true?

• A)If a company offers a discount to encourage prompt payment and the discount is taken,the discount reduces the amount of Net Sales.
• B)Credit terms of "2/10,n/30" mean that if payment is made in two days,a 10% discount may be taken;if not paid within two days,the full invoice price will be due in thirty days.
• C)The terms "sales discounts" and "sales credits" are used interchangeably by a company.
• D)Sales discounts is an expense account.

Explain the principles behind favorable reactions under normal laboratory conditions.

Understand the mechanisms and outcomes of acid hydrolysis on organic molecules.

Identify intermediates in the hydrolysis of amides.

Recognize the conversion processes of acids to different organic compounds.

---

Definitions:

X-Rays

A form of electromagnetic radiation with wavelengths shorter than UV rays, capable of passing through many materials and used in medical imaging.

Body Cells

The basic structural, functional, and biological units of all known living organisms; fundamental components of tissue and organ systems.

Ionization

The process by which an atom or a molecule acquires a negative or positive charge by gaining or losing electrons to form ions.

X-Rays

Electromagnetic radiation of high energy and very short wavelength, which is able to pass through many materials opaque to light, used especially for taking images of the inside of objects.