Determine the Legal Due Date For

question 36

Short Answer

Determine the legal due date for:
a) A 4-month note dated April 30, 2015.
b) A 120-day note issued April 30, 2015.

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Definitions:

Ordering

The process of arranging or requesting items or services in a systematic manner, often used in inventory management or procurement.

Receiving

The process of accepting delivery of goods or services from a supplier or vendor.

Related Selling Activities

Marketing and sales actions directly associated with closing a sale, including advertising, promotions, and direct sales efforts.

Ordering Merchandise

The process of securing inventory for sale by placing orders with manufacturers or wholesalers.