If a Firm Grants Credit with Terms of 3/10,net 30,the

question 70

Multiple Choice

If a firm grants credit with terms of 3/10,net 30,the customer:

• A)must pay a penalty of 3% when payment is made in more than 10 days after the sale.
• B)must pay a penalty for 10% when payment is made in more than 3 days after the sale.
• C)receives a discount of 3% when payment is made in less than 10 days after the sale.
• D)receives a discount of 10% when payment is made in less than 3 days after the sale.

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Definitions:

Rational Dialogue

A method of communication focused on reaching agreement and understanding through logical and reasoned conversation.

Irrational Dialogue

Conversations or inner monologues based on illogical or unrealistic thought processes, often contributing to psychological distress.

Shame Attacking

A therapeutic exercise meant to help individuals overcome shame by engaging intentionally in behavior that may provoke shame in a controlled manner.

REBT

Rational Emotive Behavior Therapy, a form of psychotherapy that helps individuals identify irrational beliefs and replace them with more rational ones.