The Terms on an Invoice Are 3/10,n/25

question 135

Multiple Choice

The terms on an invoice are 3/10,n/25.This means that a:

• A) discount of 10% is allowed if the invoice is paid in 3 days.
• B) discount of 3% is allowed if the invoice is paid in 10 days.
• C) discount of 25% is allowed if the invoice is paid in 10 days.
• D) discount of 3% is allowed if the invoice is paid after 25 days.

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Definitions:

Thomas Theorem

The sociological theory that situations defined as real are real in their consequences; our perception of reality directly affects our actions.

Real Consequences

Actual, tangible outcomes or effects resulting from actions, decisions, or conditions.

Peer Group

A social group consisting of individuals of similar age, status, interest, or education, often influencing behavior and attitudes.

Senior Employees

Workers who have significant experience and tenure within an organization, often holding positions of responsibility or leadership.