A Cash Discount Allows

question 30

Multiple Choice

A cash discount allows:

• A)the seller to secure prompt payment,but has no benefits for the buyer.
• B)the buyer to pay a lower price per unit,but has no benefits for the seller.
• C)the seller to secure prompt payment and the buyer to pay a lower price per unit.
• D)the seller to demand payment in cash on demand (C.O.D. )upon receipt of goods.
• E)the buyer to always calculate the discount based on the delivery date.

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Definitions:

Gomphosis

Fibrous joint in which a peglike process fits into a hole.

Symphysis

A type of cartilaginous joint where bones are fused together by fibrocartilage, providing strength with limited movement.

Fibrocartilage

A tough type of cartilage found at the intersections of tendons, ligaments, and bones, providing strength and flexibility.

Cartilaginous Joints

Types of joints where the bones are joined by cartilage, allowing for limited movement.