Credit Terms-A wholesaler sells inventory to a retailer under the terms 2/20, n/30, FOB Shipping Point. Credit Terms - To claim a cash discount, the retailer must pay for the merchandise within how many days from the date of sale indicated on the seller's invoice? a.2 b. By the end of the month. c.30 d.20 QUESTION 12 Credit Terms A wholesaler sells inventory to a retailer under the terms 1/15, n/25, FOB Shipping Point. Credit Terms To claim a cash discount, the retailer must pay for the merchandise within how many days from the date of sale indicated on the seller's invoice? a. 1 b. 25 c. 15 d. By the end of the month. QUESTION 13 Match the term with its definition - Maker a. The party who promises to pay cash in the future to settle a note receivable b. The bank on which a check is drawn c. The party who writes a check d. The party who will collect cash in the future in settlement of a note receivable QUESTION 14 Which of the following would be presented as Trade Receivables? 1. Accounts receivable created in the ordinary course of business from sales to customers II. Tax refunds receivable al only b. Both I and II c. Neither I nor II Od.il only