An Entity Offers Their Customers Discount Terms of 2/10 Net

question 26

Multiple Choice

An entity offers their customers discount terms of 2/10 net 30 to encourage payment of invoices.What does this mean?

• A) Take 2% off if paying within 10 days, or pay 100% before 30 days.
• B) Take 2% off if paying within 30 days.
• C) Pay 10% today and the balance in 30 days.
• D) In two days' time, pay 10% and the balance in 30 days.

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Definitions:

Neurocognitive Disorders

A group of psychological disorders mainly impacting cognitive functions such as perception, memory, learning, and the ability to solve problems.

African Americans

An ethnic group in the United States with partial or total ancestry from any of the black racial groups of Africa.

Delirium

A rapid onset of confusion and changes in cognitive function, resulting from physiological causes such as infection, medication, or substance withdrawal.

Neurocognitive Disorder

A class of conditions that affect cognitive functions such as memory, decision-making, and attention, due to various neurological causes.