In Credit Terms of 3/15, N/45, the "3" Represents the

question 148

Multiple Choice

In credit terms of 3/15, n/45, the "3" represents the

• A) number of days in the discount period
• B) full amount of the invoice
• C) number of days when the entire amount is due
• D) percent of the cash discount

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Definitions:

Investment Center A

A segment or area of a business responsible for its own revenue, expenses, and assets, with its performance measured by its ability to generate income relative to its invested capital.

Income Data

Financial information that shows the revenues earned and expenses incurred by a business over a period of time.

Asset Data

Information about the resources owned by a business, which have economic value and can contribute to generating income.

Office Expenses

Costs associated with running an office, such as rent, utilities, and administrative salaries.