The Banner Company Ordered $50,000 of Fertilizer from Farmland Industries

question 27

Multiple Choice

The Banner Company ordered $50,000 of fertilizer from Farmland Industries and were given terms of 2/15 net/60.Which of the following describes how soon the payment must be made in order to receive a discount and the amount of the discount available.

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Definitions:

Preganglionic Neurons

are neurons originating in the central nervous system that extend to autonomic ganglia, communicating signals to postganglionic neurons outside the central nervous system.

Pelvic Splanchnic Nerves

Nerves that arise from the sacral spinal cord, innervating the lower abdomen, pelvis, and contributing to the function of urinary and reproductive organs.

Parasympathetic Division

A division of the autonomic nervous system that conserves energy by slowing the heart rate and increasing digestive and glandular activities.

Postganglionic Neurons

Neurons that transmit impulses away from ganglia (collections of nerve cell bodies) in the autonomic nervous system to a target organ or tissue.