The Net Credit Period for a Company with Terms of 3/15

question 23

Multiple Choice

The net credit period for a company with terms of 3/15 net 40 is:

• A) 55 days
• B) 40 days
• C) 15 days
• D) 25 days

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Definitions:

Cardiorespiratory Endurance

The ability of the heart and lungs to supply oxygen-rich blood to working muscle tissues and the ability of those muscles to use oxygen to produce energy for movement.

Bicycling

A form of exercise or transportation involving the use of a bicycle, which can improve cardiovascular health and increase muscle strength.

Skill-related Fitness

Components of physical fitness that contribute to the ability to successfully participate in sports and activities requiring skill, such as agility, balance, coordination, power, reaction time, and speed.

Agility

The ability to move quickly and easily, often used to describe physical coordination in sports.