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Question 3. In an effort to attract retailers during recession, a manufacturer has offered terms of 2/1030X,n/60. One invoice with this term is dated September

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Question 3. In an effort to attract retailers during recession, a manufacturer has offered terms of 2/1030X,n/60. One invoice with this term is dated September 10 with goods order amounted to $250,000 A) Please interpret what the terms [2/1030X,n/60] mean B) When will be last day for cash discount or find out the CD date C) When will be the last day to pay the full payment without cash discount or payment due date D) What is the amount to be remitted or paid if the retailer wants to take the cash discount offer

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