Credit terms of 1/10, n/30 mean that
A) 1% discount is allowed if the bill is paid within 10 days, or the entire amount is due within 30 days.
B) a discount is allowed if the bill is paid within 30 days.
C) a discount is allowed if the bill is paid after 10 days.
D) a 1% discount is allowed if the customer pays the bill within 30 days.
Correct Answer:
Verified
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A) sales revenue less cost
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A) reduces
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A) total cost
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