A Sale on Account for $1,000 Offered with Terms 2/10,n/30

question 150

True/False

A sale on account for $1,000 offered with terms 2/10,n/30 means that the customers will get a $2 discount if payment is made within 10 days;otherwise,full payment is due within 30 days.2/10 indicates a 2% discount (or $20 in this example)if payment is made within 10 days.

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Definitions:

Internal Consistency

A measure of how well the items on a test or the components of a multi-dimensional instrument assess the same construct.

Coefficient Alpha

A measure of the internal consistency of a test or survey, indicating how closely related a set of items are as a group.

Computerized Axial Tomography

Also known as a CT scan, a diagnostic medical test that uses computer-processed combinations of multiple X-ray measurements taken from different angles to produce images of specific areas of the scanned object, allowing the user to see inside without cutting.

X-rays

A form of electromagnetic radiation with wavelengths shorter than visible light, used in medical imaging to view inside the body.