Patel Industries Recently Filled an Order from One of Its

question 143

Multiple Choice

Patel Industries recently filled an order from one of its customers, Oxmoor Gardens, a small garden supply store. Oxmoor's owner recently received an invoice from Patel for $1,278.64 with selling terms of "2/10, Net 30." Therefore, ________.

• A)the selling terms indicate that Oxmoor must pay 2 percent of the invoice by the 10th day of the month with the balance due in 30 days
• B)the selling terms are offering Oxmoor a 2 percent discount if the bill is paid within 10 days; otherwise the full amount of the invoice is due in 30 days
• C)the selling terms indicate that the full amount of the invoice is due within 30 days and Oxmoor will be subject to a 2 percent finance charge for every 10 days that the bill is past due
• D)the selling terms indicate that Oxmoor has not yet qualified for a quantity discount and must pay the full amount of the invoice within 30 days

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Definitions:

White Matter

Brain tissue composed of myelinated nerve fibers that connect different areas of the brain, facilitating communication among neurons.

Synapses

Structures that permit a neuron (nerve cell) to pass an electrical or chemical signal to another neuron, essential for the transmission of nerve impulses.

Neurotransmitter

A chemical secreted by a neuron sending a message that carries the impulse across the synaptic gap to the receiving cell.

Impulse

A sudden, involuntary urge to perform an act.