Reduction from the Invoice Price for Prompt Payment

question 83

Multiple Choice

Reduction from the invoice price for prompt payment

• A)Purchases discount
• B)Cash discount
• C)Trade discount
• D)Credit terms
• E)Cash payments journal
• F)Promissory note
• G)Cash receipts journal
• H)Credit Card Expense
• I)Credit period
• J)Sales discount

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Definitions:

Convergent Evolution

The phenomenon where unrelated species develop comparable characteristics independently due to the necessity of adapting to analogous environments or ecological roles.

Homoplasious Trait

A characteristic shared by a set of species but not present in their common ancestor, often resulting from convergent evolution rather than shared ancestry.

Analogous Trait

A trait shared by different species due to convergent evolution, not because of a shared ancestry, producing similar structures independently.

Monophyletic Group

A group of organisms that consists of all the descendants of a common ancestor, representing a single branch on the tree of life.