If a Supplier Is Offering Trade Credit of 1/10 Net

question 34

Multiple Choice

If a supplier is offering trade credit of 1/10 net 30, and a buyer chooses not to take the discount, when should they pay, assuming that they wish to stay on good terms with the supplier?

• A) any time before day 10
• B) on day 10
• C) on day 30
• D) any time after day 30

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Definitions:

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, is a publication by the American Psychiatric Association that provides a comprehensive classification and criteria for mental disorders.

Rapid Cycling

A term describing a pattern in bipolar disorder where an individual experiences four or more episodes of mania, hypomania, or depression within a year.

DSM-5

The fifth edition of the Diagnostic and Statistical Manual of Mental Disorders, a standardized classification of mental disorders used by mental health professionals in the U.S.

Bipolar II Disorder

A type of bipolar disorder characterized by patterns of depressive episodes and hypomanic episodes, but not the full-blown manic episodes typical of Bipolar I Disorder.