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:

Anxiety Disorders

A group of mental health diagnoses that lead to excessive nervousness, fear, apprehension, and worry.

Mood Disorders

A category of mental disorders involving persistent disturbances in mood, such as depression or bipolar disorder.

Substance Abuse

The injurious or perilous utilization of substances that affect mental processes, including alcohol and unauthorized drugs.

United States

A country located primarily in North America, comprising 50 states, a federal district, five major self-governing territories, and various possessions.