The Terms on an Invoice Are 3/10,n/25

question 135

Multiple Choice

The terms on an invoice are 3/10,n/25.This means that a:

• A) discount of 10% is allowed if the invoice is paid in 3 days.
• B) discount of 3% is allowed if the invoice is paid in 10 days.
• C) discount of 25% is allowed if the invoice is paid in 10 days.
• D) discount of 3% is allowed if the invoice is paid after 25 days.

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Definitions:

Precausal Reasoning

A type of logical thinking observed in young children where cause-and-effect relationships are not understood in conventional or scientific terms.

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or touched.

Centered Thinking

Centered thinking refers to focusing on one aspect of a situation while ignoring others, often observed in cognitive development of children.

Beaker

A beaker is a simple container used in laboratories for stirring, mixing, and heating liquids, typically cylindrical in shape with a flat bottom and a lip for pouring.