A Company Sells Goods and Offers Credit Terms of "Net

question 214

Multiple Choice

A company sells goods and offers credit terms of "net 30 days." What does this reveal to the company that sold the goods?

• A)It does not have to ship the goods for 30 days.
• B)It cannot recognize the sales credit for 30 days.
• C)It offers a 30% discount for customers that use credit cards.
• D)The customer has up to 30 days to pay back the seller for the goods purchased without penalty.

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Definitions:

Data Macro

A feature in database management systems used to automate tasks, such as updating or validating data when it is entered or changed.

Table Events

In database and programming contexts, actions or triggers related to operations on data tables, such as insert, update, or delete actions.

After Update

"After Update" is an event in various programming and database environments that triggers after an existing record or piece of data has been modified.

Before Delete

A condition or state referring to the moment or action before an item or data is permanently removed.