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:

Ileum

The final and longest segment of the small intestine, where the absorption of vitamins, electrolytes, and other nutrients is completed.

Cecum

The first part of the large intestine, connected to the ileum and ascending colon, playing a role in the digestive process.

Pyloric Sphincter

A muscular valve regulating the flow of partially digested food from the stomach to the small intestine.

Ileocecal Sphincter

A valve situated at the junction of the ileum (last part of the small intestine) and the cecum (first part of the large intestine) that controls the flow of digested material.