6) Which of the following trade credit terms for goods and services purchased would be preferred by a firm? A) 2/10 net 30 B) 3/10 net 45 C) 3/15 net 45 D) Unless we know the firm's cost of borrowing we cannot determine which set of terms is preferred.

7) Which of the following trade credit terms for goods and services purchased would be least desireable to the purchasing firm? A) 2/10 net 30 B) 1/10 net 30 C)