Question
The buyer received an invoice from the seller for merchandise with a list price of $400 and credit terms of 2/10, n/60. What is the
The buyer received an invoice from the seller for merchandise with a list price of $400 and credit terms of 2/10, n/60. What is the number 10 in the credit terms?
| a | Credit period. |
| b | Discount period |
| c | Sales discount. |
| d | Cash discount allowed. |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Security And Auditing Of Smart Devices
Authors: Sajay Rai, Philip Chukwuma, Richard Cozart
1st Edition
0367567997, 978-0367567996
