A Trade Credit Discount Such as 2/10 Net 40 Means

question 142

Multiple Choice

A trade credit discount such as 2/10 net 40 means

• A) a 2 percent penalty is due after 40 days.
• B) a 2 percent discount if payment is made within 10 days, otherwise, the total amount is due in 40 days.
• C) a 2 percent discount for payment within 10 days, and a 3 percent penalty if payment is made after 40 days.
• D) 10 percent discount for cash on delivery and a 2 percent discount for payment within 40 days.

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Definitions:

Ventral Posterior Nucleus

A thalamic nucleus that plays a key role in processing sensory information from the body.

Visual Impulses

Signals transmitted from the retina to the brain, allowing for the perception of sight.

Lateral Hemispheres

Regions of the cerebellum involved in planning, executing, and learning motor movements.

Fine Motor Coordination

The ability to use small muscles, particularly in the hands and fingers, precisely, often necessary for tasks like writing, typing, and manipulating small objects.