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:

Box-End Wrench

A hex or double hex wrench designed to completely enclose a bolt or nut and evenly apply torque to it.

Dial Indicator

A precision measuring tool used to measure small distances and angles with high accuracy, often used in engineering and manufacturing.

Backlash

The looseness or lost motion in a mechanical system, often noticeable in gear trains where there is a gap between mating gear teeth.

Magnetic Base

A mounting device equipped with a magnet, commonly used to temporarily secure metal objects or components in place, especially in metalworking and machining operations.