Jenex Corp. has a credit policy that reads "2/10, net 30." This means that
the company is offering a 10 percent discount if the customer pays within 2 days.
the company will give a net reduction of 30 percent in the amount owed if the customer pays within 10 days.
the customer will have to pay at least 10 percent of the bill by the end of 30 days.
the customer will have to pay at least 30 percent of the bill by the end of 10 days.
none of these.
Correct Answer:
Verified
Q1: What does a credit policy of "2/10,
Q3: The business activity that is concerned with
Q4: The "measuring stick" against which performance is
Q5: Which of the following represents the overall
Q6: Sellers adjust credit terms in order to
Q7: Long-term expenditures are usually more carefully planned
Q8: Which of the following terms would a
Q9: Scott is managing a company and he
Q10: Why is it necessary for a business
Q11: Sally is looking at an invoice dated
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents