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

question 276

Multiple Choice

The terms of an invoice are 3/10,n/25.This means that a ________ of the invoice date.

• A) discount of 10 percent is allowed if the invoice is paid within three days after the invoice date
• B) discount of 3 percent is allowed if the invoice is paid within 10 days after the invoice date
• C) discount of 25 percent is allowed if the invoice is paid within 10 days after the invoice date
• D) discount of 3 percent is allowed if the invoice is paid after 25 days after the invoice date

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Definitions:

Time and a Half

Time and a half refers to an overtime pay rate of one and a half times the regular rate, typically paid for work done beyond standard working hours.

Hourly Rates

The amount of money charged or paid for one hour of labor or service.

Time and a Half

A rate of pay that is 1.5 times the employee's regular hourly wage, typically paid for overtime work.

Time and a Half

A pay rate that is 1.5 times the employee's standard wage, typically paid for overtime work.