Question
Which statement is true about terms of trade credit of 2/10, net 30? a. A 10% cash discount is offered for payment before 30 days
Which statement is true about terms of trade credit of 2/10, net 30?
a. A 10% cash discount is offered for payment before 30 days
b. A 2% cash discount can be take for payment before the 10th of the following month
c. A 10% cash discount can be taken if paid by the second day after invoicing
d. No cash discount is offered after the tenth day
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Basic Finance An Introduction to Financial Institutions Investments and Management
Authors: Herbert B. Mayo
10th edition
1111820635, 978-1111820633
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