51 3 points The credit term, 2/10, net 30 means that ar O Ten percent discount can be deducted if the invoice is paid within two days following the date of sale: Two percent discount can be deducted if the invoice is paid by the tenth day following the date of sale, Two percent discount can be deducted if the invoice is paid after the tenth day following the sale but before the thirtieth day OTwo percent discount can be deducted for a period up to thirty days following the date of sale 52 points The amount of accounts receivable that a company expects to collect in cash in the future from customers is known as O Accounts receivable turnover. Allowance for doubtful accounts. Bad debt expense Net realizable value. 53 points Gross profit is equal to Net sales minus cost of goods available for sale, Net sales plus cost of goods sold. Net sales minus cost of goods sold. Net sales minus cost of goods sold minus operating expenses