On March 10th, a Business Owner Receives an Invoice from a Supplier

question 8

Multiple Choice

On March 10th, a business owner receives an invoice from a supplier for $416.27 with "net 30" credit terms marked on it. On April 7th, the owner writes the supplier a check for $416.27 and mails it. When would this cash disbursement show up on the company's cash budget?

• A) March 10th
• B) March 30th
• C) April 7th
• D) April 10th

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