3/10 Net 45 EOM Translates as ________

question 29

Multiple Choice

3/10 net 45 EOM translates as ________.

• A) a 10 percent cash discount may be taken if paid in three days; if no cash discount is taken, the balance is due in 45 days
• B) a 3 percent cash discount may be taken if paid in 10 days; if no cash discount is taken, the balance is due 45 days after transaction is complete
• C) a 3 percent cash discount may be taken if paid in 10 days; if no cash discount is taken, the balance is due 45 days after the end of the month
• D) a 3 percent discount may be taken on 10 percent of the purchase if the account is paid within 45 days after the end of the month

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Definitions:

Public Golf Courses

Golf facilities that are owned by a government entity and are open to the public, typically requiring payment of a fee for use.

Regressive Tax

A tax system where the tax rate decreases as the taxable amount increases, leading to a higher burden on lower-income individuals.

High-Income

A category used to describe individuals or households that earn significantly more money than the average for their area or country.

Low-Income

Refers to individuals or families whose earnings are significantly lower than the average, often defined by government thresholds.