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:

Supply Blood

The process of providing nutrients and oxygen to tissues through the circulatory system.

Limbic System

The limbic system is a complex system of nerves and networks in the brain, involved in emotions such as fear and pleasure.

Neural Connections

Neural connections, known as synapses, are the points at which neurons communicate with each other through neurotransmitters.

Diencephalon

The diencephalon is a division of the brain located between the cerebrum and the midbrain, comprising structures such as the thalamus and hypothalamus, involved in sensory and neural function.