In the Credit Terms of 1/10, N/30, the "1" Represents

question 98

Multiple Choice

In the credit terms of 1/10, n/30, the "1" represents the

• A)number of days in the discount period.
• B)full amount of the invoice.
• C)number of days when the entire amount is due.
• D)percent of the cash discount.

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Definitions:

National Assembly

is a legislative body in various countries, and it is often the lower house of a bicameral legislature or a unicameral legislature.

Estates-General

The legislative body in pre-revolutionary France made up of representatives of the three estates: the clergy, the nobility, and the commonpeople.

Third Estate

The common people of France who were not part of the clergy or nobility, representing the vast majority of society and leading the charge in the French Revolution.

Church Properties

Refers to land or buildings owned by religious institutions, which historically could include a wide range of assets from places of worship to educational and healthcare facilities.