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

question 137

True/False

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

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Definitions:

Equilibrium

A state of balance or stability within a system, achieved when competing forces or influences are equal.

Disequilibrium

A state of imbalance or instability due to a mismatch between the demand and supply in a market or in physiological contexts, the body's inability to maintain homeostasis.

Reflexes

Involuntary and automatic responses of the body to a stimulus.

Accommodation

In cognitive development, this refers to the process by which individuals adjust their schemas (mental models) to incorporate new experiences.