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    Question

    The term 'net 50' implies that the customer will make payment:

    A Exactly on 50th day Correct Answer Incorrect Answer
    B Before 50th day Correct Answer Incorrect Answer
    C Not later than 50th day Correct Answer Incorrect Answer
    D After 50th day Correct Answer Incorrect Answer
    E None of the above. Correct Answer Incorrect Answer

    Solution

    Net 50 generally implies that payment is due within 50 days from the date of invoice. It is a payment term often used in commercial transactions, indicating the number of days a buyer has to pay the seller for the goods or services purchased. "Net" means that payment is due in full, and "50" indicates the number of days allowed for payment.

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