Given the terms of 3/10, net 30, a company should pay accounts payable on day 30 if funds are available.

Name: Given the terms of 3/10, net 30, a company should pay accounts payable on day 30 if funds are available.
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Question

Quizplus · Accepted Answer

The terms 3/10, net 30 encourage early payment by offering a 3% discount if the invoice is paid within 10 days; otherwise, the full amount is due by day 30. Paying on day 30 misses the opportunity for a discount.

Given the Terms of 3/10, Net 30, a Company Should