The term "3/10, net 30" means that a 3 percent discount off the face value of the invoice is allowed if the invoice is paid within 10 days, and that otherwise the full face value is due within 30 days.

Name: The term "3/10, net 30" means that a 3 percent discount off the face value of the invoice is allowed if the invoice is paid within 10 days, and that otherwise the full face value is due within 30 days.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement accurately defines the meaning of the term "3/10, net 30."

The Term "3/10, Net 30" Means That a 3 Percent