The Terms on an Invoice Are 4/15, N/30

question 3

Multiple Choice

The terms on an invoice are 4/15, n/30. This means that

• A) a discount of 4% will be allowed if payment is made within 15 days from the date of the invoice.
• B) a discount of 15% will be allowed if payment is made with 4 days from the date of the invoice.
• C) a discount of 4% will be allowed if payment is made by the 15^th of the month.
• D) a discount of 15% will be allowed if payment is made by the 4^th day after the date of the invoice.

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Definitions:

Research Hypothesis

A statement in research that predicts a significant relationship between variables, suggesting that one variable has an effect on another.

Sample

A subset of a population used in statistical analysis, which is representative of the whole population to infer conclusions about the population.

Population

The entire group of individuals or objects that is the subject of a statistical analysis.

Variables

Elements, features, or factors that are likely to change or vary in an experiment or dataset.