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You are creating payment terms.
A company processes standard vendor payments on the seventh day of the next month.
You need to set up payment terms for the vendor.
Which date formula should you use?
Suggested Answer: D
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36 comments · newest first
FE
Fernanda
10 months ago
Not sure about B, feels a bit off to me.
DO
Dong
10 months ago
Wait, why not A? Seems like it could work too.
CE
Celeste
10 months ago
Definitely agree with B!
YU
Yuonne
11 months ago
C doesn't make sense, we need the full month plus 7 days!
BR
Brock
11 months ago
I think B is the right choice.
CO
Corrie
11 months ago
I’m leaning towards 1M+6D, but I might be mixing it up with another topic we covered.
PA
Paris
11 months ago
I feel like I saw a similar question in our practice exams, but I can't recall the exact formula we used.
YU
Yuette
12 months ago
I think the answer is 1M+7D because it aligns with processing payments on the seventh day of the next month.
SE
Selene
12 months ago
I remember we discussed payment terms in class, but I'm not sure if it's 1M+7D or 1M+6D for the next month.
JU
Jutta
12 months ago
This seems straightforward. The company processes payments on the 7th of the next month, so the payment terms should be 1 month plus 7 days, which is option B.
RE
Rebecka
1 year ago
I'm a bit confused. Is the payment due on the 7th of the current month or the next month? I want to make sure I understand the question before answering.
KA
Karl
1 year ago
Okay, I've got it! The answer is C. The payment is due on the 7th of the next month, so the formula should be 1 month plus 6 days.
CA
Carlee
1 year ago
Hmm, I'm not sure about this one. I need to think it through carefully. Let me re-read the question and options.
MI
Michal
1 year ago
I think the answer is B. The company processes payments on the 7th of the next month, so the payment terms should be 1 month plus 7 days.
LU
Luisa
1 year ago
I'm not sure, but I think option D) CM+7D could work too.
LA
Lavonna
1 year ago
Hey, at least they're not asking us to do rocket science here. Just good old-fashioned payment terms!
WI
Wilda
1 year ago
C) 1M+6D
LI
Lisbeth
1 year ago
B) 1M+7D
WI
Winfred
1 year ago
A) 37D
MY
My
1 year ago
A) 37D? What is this, some kind of mathematical riddle? I'm sticking with the normal options.
CE
Cecilia
1 year ago
I disagree, I believe option C) 1M+6D makes more sense.
FE
Felton
1 year ago
D) CM+7D sounds like it's straight out of a secret code. I'll pass on that one.
TE
Tess
1 year ago
B) 1M+7D
JO
Jodi
1 year ago
C) 1M+6D
FA
Fabiola
1 year ago
A) 37D
PE
Peggie
1 year ago
B) 1M+7D
AL
Alise
1 year ago
A) 37D
GL
Gladys
1 year ago
B) 1M+7D is the way to go. Gotta stick to the standard, even if it's a little late.
YU
Yuette
1 year ago
C) 1M+6D
VA
Vanna
1 year ago
B) 1M+7D
KA
Karl
1 year ago
A) 37D
RO
Rodolfo
1 year ago
I think we should use option B) 1M+7D.
DA
Daniela
1 year ago
C) 1M+6D makes the most sense to me. Who wants to wait an extra day for payment?
LA
Laurel
1 year ago
C) 1M+6D
CA
Carri
1 year ago
B) 1M+7D
KA
Kasandra
1 year ago
A) 37D