Which of the following terms is defined as a reduction given by a seller for prompt payment of a credit sale?
Consignment
Sales discount
Purchase invoice
Net purchase
Sales discount
Rationale: A sales discount is a reduction given by a seller for prompt payment of a credit sale. An example is when a buyer can take a 1% discount in exchange for paying within 10 days of the invoice date, rather than the normal 30 days.
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The amount an employee earns before deductions and taxes are subtracted is termed:
A) gross pay. B) net pay. C) deductions. D) payroll taxes.
Dr. Cook records the following as part of a history and physical examination: "Patient presents with abdominal pain of seven days' duration. Fever and chills for the last three days. Diagnosis at the time of admission: Rule out appendicitis vs. obstruction of colon." The diagnoses recorded are:
A) admission diagnoses B) differential diagnoses C) primary diagnoses D) secondary diagnoses