How would the terms be stated if a business was offering a cash discount of five percent if consumers pay the invoice within 30 days with the full face amount of the invoice due 30 days after that?
A) 5/30, net 60
B) 5/60, net 90
C) 5/15, net 45
D) 10/30, net 60

Question

Quizplus · Accepted Answer

The correct term is "5/30, net 60," which means a 5% discount is offered if the invoice is paid within 30 days, and the full amount is due 60 days from the invoice date.

How Would the Terms Be Stated If a Business Was