Find the Discount Date and Net Payment Date

question 34

Multiple Choice

Find the discount date and net payment date. (The net payment date is 20 days after the final discount date.)
-Invoice date: Nov 24
Terms: - 20x

• A)Discount date: Dec 14; net payment date: Jan 3
• B)Discount date: Dec 2; net payment date: Dec 22
• C)Discount date: Dec 23; net payment date: Jan 13
• D)Discount date: Dec 24; net payment date: Jan 13

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Definitions:

Social Cognitive Theory

A theory of learning and social behavior which proposes that new behaviors can be acquired by observing and imitating others, in addition to the influence of beliefs, expectations, and intentions.

Self-Efficacy Beliefs

An individual’s belief in their ability to succeed in specific situations or accomplish a task.

Positive Reinforcement

A motivational technique that involves rewarding a desired behavior to encourage its recurrence.

Self-Efficacy Beliefs

The confidence an individual has in their ability to execute behaviors necessary to produce specific performance attainments.