Credit Terms of N/30 Mean That the Net Amount of the Invoice,less

question 116

True/False

Credit terms of n/30 mean that the net amount of the invoice,less any returns or allowances,is due within 30 days of the date of the invoice.

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Definitions:

Utilization

The extent to which a system, resource, or component is used relative to its total capacity, typically expressed as a percentage.

Higher Costs

Increased expenses or financial outlays in comparison to a baseline or expected level, affecting profitability.

Positive Externalities

Benefits that occur as a result of an economic activity which positively affect individuals or entities not directly involved in the activity.

Locate

The act of identifying or establishing the position or place of something, often relevant in logistics, real estate, and data analysis.