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

question 20

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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Definitions:

Manufacturer

is a person or company that makes goods for sale, especially on a large scale, using machinery and labor.

Drunk Driving

The criminal act of operating a vehicle while impaired by alcohol or other drugs, beyond the legal limit.

Negligence

The failure to exercise reasonable care to avoid causing injury or loss to another person, resulting in liability for any damages caused.

Likely Defence

A plausible argument or strategy used in legal proceedings to refute claims or charges against a defendant.