Which One of the Following Statements Is Correct

question 12

Multiple Choice

Which one of the following statements is correct?

• A)The credit period begins when the discount period ends.
• B)The discount period is the length of time granted to a customer to pay for a purchase.
• C)The credit period begins on the invoice date.
• D)With terms of 2/10, net 30, the net credit period is 20 days.
• E)With EOM dating, all sales are assumed to have occurred on the 15^th of each month.

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Definitions:

Supply Curve

A visual diagram that illustrates how the price of a product correlates with the amount of the product that sellers are prepared to sell at various price levels.

Human Resource

A department within organizations focused on employee recruitment, management, and providing direction for the people who work in the institution.

Physical Resources

Physical resources refer to tangible assets and materials used in the production of goods and services, such as machinery, buildings, and raw materials.

Human Resources

The department within an organization that deals with the recruitment, management, and guidance of its employees.