The Net Credit Period for a Company with Terms of 3/10

question 15

Multiple Choice

The net credit period for a company with terms of 3/10, net 60 is:

• A)10 days
• B)50 days
• C)57 days
• D)60 days
• E)None of the above.

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Definitions:

Phosphodiesterase

Enzyme that splits phosphodiester bonds—that is, that breaks down cyclic AMP to AMP.

Phosphodiesterase

An enzyme that plays a role in cell signal transduction by breaking down phosphodiester bonds.

Cyclic AMP

A secondary messenger used for intracellular signal transduction, such as transferring the effects of hormones like glucagon and adrenaline.

GTP

Guanosine triphosphate, a molecule that provides energy for many biochemical cellular processes by hydrolysis of its high-energy phosphate bonds.