Question
A firm that offers payment terms of 2/10 net 30 gives its customers: a. a 2% discount if the bill is paid on or before
A firm that offers payment terms of 2/10 net 30 gives its customers:
a. | a 2% discount if the bill is paid on or before Day 30, otherwise an additional cost of 10% is applicable. | |
b. | a 10% discount if the bill is paid on or before Day 2, otherwise the entire bill is due by Day 30. | |
c. | a 2% discount if the bill is paid on or before Day 10, otherwise the entire bill is due by Day 30. | |
d. | a 20% discount if the bill is paid on or before Day 10, otherwise the entire bill is due by Day 30. | |
e. | a 30% discount if the bill is paid on or before Day 10, otherwise the entire bill is due by Day 2 of the consecutive month. |
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