Solved

The Terms on an Invoice Are 4/15, N/30

Question 43

Multiple Choice

The terms on an invoice are 4/15, n/30. This means that


A) a discount of 4% will be allowed if payment is made within 15 days from the date of the invoice.
B) a discount of 15% will be allowed if payment is made with 4 days from the date of the invoice.
C) a discount of 4% will be allowed if payment is made by the 15th of the month.
D) a discount of 15% will be allowed if payment is made by the 4th day after the date of the invoice.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents