A Trade Credit Discount Such as 3/10 Net 40 Means

question 128

Multiple Choice

A trade credit discount such as 3/10 net 40 means

• A) a 3 percent penalty is due after 40 days.
• B) a 3 percent discount if payment is made within 10 days, otherwise, the total amount is due in 40 days.
• C) a 3 percent discount for payment within 10 days, and a 3 percent penalty if payment is made after 40 days.
• D) 10 percent discount for cash on delivery and a 3 percent discount for payment within 40 days.

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Definitions:

Lymphangitis

An inflammation of the lymphatic channels that occurs as a result of infection, often resulting in red, painful streaks under the skin.

Hematocrit Test

A blood test that measures the proportion of red blood cells in the blood.

Erythrocytes

Red blood cells that carry oxygen from the lungs to the body's tissues and transfer carbon dioxide back to the lungs for expulsion.

Polycythemia

Polycythemia is a condition characterized by an increased number of red blood cells in the bloodstream.