Laurel Speckle Received a Check from State University

question 37

Multiple Choice

Laurel Speckle received a check from State University.She indorsed the check as follows: "For Deposit only,/s/ Laurel Speckle." Laurel's endorsement is a:

• A) blank endorsement.
• B) special endorsement.
• C) restrictive endorsement.
• D) None of the above is correct.

---

Definitions:

Discount Period

The discount period is the timeframe during which a payment can be made with a discount for early settlement in terms of credit sales.

Merchandise Sold

The total cost of all products sold by a company during a specific period.

Cash Discount

An incentive offered by sellers to buyers for paying an invoice ahead of the scheduled due date.

Discount Period

The time frame between the issuance of a bill or an invoice and its due date, often associated with a discount offered for early payment.