1/15 Net 30 Date of Invoice Translates as ________

question 13

Multiple Choice

1/15 net 30 date of invoice translates as ________.

• A) a 1 percent cash discount may be taken if paid in 15 days; if no cash discount is taken, the balance is due in 30 days after the middle of the month
• B) a 1 percent cash discount may be taken if paid in 15 days; if no cash discount is taken, the balance is due 30 days after the invoice date
• C) a 1 percent cash discount may be taken if paid in 15 days; if no cash discount is taken, the balance is due 30 days after the end of the month
• D) a 1 percent discount may be taken on 15 percent of the purchase if the account is paid within 30 days after the end of the month

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Definitions:

Australopithecine Fossils

Prehistoric remains of hominid species, belonging to the genus Australopithecus, that are among the earliest known human ancestors.

Million Years

A period of time equal to one thousand times one thousand years, often used to denote significant periods in Earth's geological and biological history.

Hominoids

A group of primates that includes all apes and humans, characterized by their lack of a tail and more complex brains.