What Is Meant by the Term 1

question 93

Multiple Choice

What is meant by the term 1.5/14 net 30?

• A)If the invoice is paid within 14 days a discount of 1.5 percent can be taken,otherwise the invoice is due in 30 days.
• B)If the invoice is paid within 30 days a discount of 14 percent can be taken,otherwise the invoice is due 14 days after that days.
• C)If the invoice is paid within 1.5 days a discount of 14 percent can be taken,otherwise the invoice is due in 30 days.
• D)If the invoice is paid right away,a discount of 14 percent can be taken,otherwise a discount of 1.5 percent can be taken if paid within the next 30 days.
• E)If the invoice is paid 1.5 days a discount of 30 percent can be taken,otherwise the invoice is due in 14 days.

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Definitions:

Satisfactory Answers

Responses or solutions to questions or problems that meet the required standards or expectations without necessarily being the best possible.

P And Q Inventory Systems

P and Q Inventory Systems refer to inventory management strategies: P system (periodic review) and Q system (continuous review), aimed at maintaining optimal stock levels.

Order Spacing

The practice of timing and spacing out orders to manage inventory levels and optimize supply chain efficiency.

Order Size

The quantity of goods a customer requests in a single purchase transaction.