Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In relation to discount terms, what does 5/7, n/30 mean? a. Invoice due on 5th July or 30th November. b. 50% discount if paid with

In relation to discount terms, what does 5/7, n/30 mean?

a. Invoice due on 5th July or 30th November.

b. 50% discount if paid with 7 days, otherwise 30% discount.

c. 50% discount, November 30th.

d. 5% discount to be deducted from the invoice price if payment is made within 7 days or the full amount is due within 30 days of the invoice date.

e. None of the above.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contemporary Mathematics

Authors: OpenStax

1st Edition

1711470554, 978-1711470559

More Books

Students also viewed these Accounting questions

Question

2. What role should job descriptions play in training at Apex?

Answered: 1 week ago