2/15 Net 45 Translates as 2 Percent of the Balance

question 296

True/False

2/15 net 45 translates as 2 percent of the balance is due in 15 days; the remaining balance is due in 45 days.

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Definitions:

Desirable Behaviors

Actions or conduct that are considered positive or beneficial in a given society or context.

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, or preferences.

Industry Versus Inferiority

A stage in Erik Erikson's theory of psychosocial development where children develop a sense of competency and skills, usually occurring between the ages of 6 and 12.

Erik Erikson

A psychologist known for his theory on the psychosocial development of humans, positing that individuals undergo a series of eight stages over their lifespan.