Credit Terms of a Merchandising Company Are: 1/15, Net 40

question 92

True/False

Credit terms of a merchandising company are: 1/15, net 40. This means that the buyer can avail a discount of 1 percent, if the invoice is paid within 40 days of the invoice date.

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Definitions:

Anoxia

A condition characterized by an absence of oxygen supply to an organ's tissue, leading to hypoxia and potentially severe damage.

Hypoxia

A condition characterized by less oxygen than is required.

Toxemia

A condition in pregnancy, also known as preeclampsia, characterized by high blood pressure and signs of damage to another organ system, most often the liver and kidneys.

Gestational Age

the age of an embryo or fetus (or newborn) calculated from the first day of the last menstrual period of the pregnant woman, typically used to assess the developmental stage and schedule appropriate medical care.