Which of the Following Is Correct Concerning Terms of Trade

question 94

Multiple Choice

Which of the following is correct concerning terms of trade credit of 4/10, EOM, net 90?

• A)The discount period expires on the last day of the month.
• B)The invoice becomes delinquent 90 days after the last day of the month.
• C)The discount period ends on the tenth day of the month following the invoice.
• D)The discount period ends either 10 days after invoicing or at the end of the month, whichever is earlier.

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Definitions:

Mediation

The process through which tools organize people’s activities and ways of relating to their environments.

Social Enhancement

The most basic social process of learning to use cultural resources, in which resources are used simply because others’ activities have made them available in the immediate environment.

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The process of cell duplication and division that generates all of an individual’s cells except sperm and ova.

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Being bodily in a place or situation, as opposed to being there in thought, spirit, or via electronic means.