At What Point Does a Customer's Unpaid Account Become Delinquent

question 29

Multiple Choice

At what point does a customer's unpaid account become delinquent when the terms of sale are 2/10,net 60?

• A) 11 days after the sale
• B) 31 days after the sale
• C) 61 days after the sale
• D) 71 days after the sale

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Definitions:

Knowledge Society

A society in which much of the labour force has migrated from manual work to work based on knowledge.

Manual Work

Physical or labor-intensive tasks performed by humans, not machines or automation.

Operations Management

The area of management concerned with designing and controlling the process of production and redesigning business operations.

Inputs

Refers to the resources used in the production process, including raw materials, labor, and capital, essential for the creation of goods or services.