Goods sold after the 25th of the month with terms of 2/10, EOM results in the discount period being extended 10 days longer.
Correct Answer:
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Q23: 2/10, EOM means the credit period ends
Q24: Knuckles on your hand represent months with
Q25: FOB shipping point means the seller pays
Q27: 2/10, n/30 is an example of the
Q35: 2/10, EOM means that the cash discount
Q39: Cash discounts are not taken on freight
Q50: With terms of 2/10, n/30:
A)Credit period is
Q53: FOB shipping point means:
A)Seller pays the cost
Q55: An invoice dated March 6 with terms
Q57: The credit period is:
A)Always shorter than the
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