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:

Extensor Carpi Radialis Longus

A muscle in the forearm that extends the wrist and aids in its abduction.

Tibialis Anterior

A muscle in the front part of the lower leg that is involved in dorsiflexion and inversion of the foot.

Gastrocnemius

A major muscle located in the back part of the lower leg, contributing to plantar flexion of the foot.

Soleus

A powerful muscle in the back part of the lower leg (the calf) that helps with walking and standing.