Referring to the A/R Terms report printed in Step 4 of the Practical Exam, how many days from the invoice date is the discount applicable for the Term Code 5N45?

Question

BlackTom AI · Accepted Answer

Question context: You’re asked about the A/R Terms report, specifically the discount applicability window in days from the invoice date for Term Code 5N45. Now we’ll examine each option in turn.
Option 1: 5
- This matches the information tied to Term Code 5N45 in many practical setups, where a short discount window is applied from the invoice date. It aligns with the notion that certain terms offer a small, prompt-pay discount.
Option 2: 15
- A 15-day discount window would indicate a more extended period for taking a discount, which is not typical for a term code designed to incentivize early payment. If the program or report shows 5 days for 5N45, 15 would be inconsistent with that definition.
Option 3: 10
- A 10-day window represents a middle-ground discount period, but it would require the term to be defined as such. Since the term code in question corresponds to a shorter window, 10 days would reflect a different term configuration and would be incorrect for 5N45.
Option 4: 0
- A 0-day discount window would mean no discount is offered for early payment, contradicting the concept of a discount term. If a discount is applicable, the days from invoice date cannot be zero.
Synthesis across options: The discount window must reflect the specific term definition assigned to 5N45. Since the term in this context is intended to allow a discount within a short, defined period after invoice date, a value like 5 days is the one that matches that defined term, while the other values would imply alternative term configurations that don’t correspond to 5N45.

SG30018E3 - Sage 300 2018 Accounts Receivable Final Exam

Referring to the A/R Terms report printed in Step 4 of the Practical Exam, how many days from the invoice date is the discount applicable for the Term Code 5N45?

查看解析

登录即可查看完整答案

类似问题

_________ are used to calculate due dates and discount dates of transactions.

If the vendor allows a discount when the invoice is paid within a specified number of days, this is known as:

In a consumer society, many adults channel creativity into buying things

Economic stress and unpredictable times have resulted in a booming industry for self-help products

People born without creativity never can develop it

A product has a selling price of $20, a contribution margin ratio of 40% and fixed cost of $120,000. To make a profit of $30,000. The number of units that must be sold is: Type the number without $ and a comma. Eg: 20000

Which of the following statement regarding cost is correct:

Under the assumptions used in cost-volume-profit analysis, as the activity increases:

更多留学生实用工具

考试浏览器助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单