The Tuckerverse Corporation just received a shipment of parts from a supplier that contained the terms 2/15 net 30. Under these terms, the firm has no financial incentive to pay this bill earlier than its due date.

Question

Quizplus · Accepted Answer

The terms 2/15 net 30 mean the buyer can take a 2% discount if they pay within 15 days; otherwise, the full amount is due in 30 days. Paying early to take advantage of the discount provides a financial incentive.

The Tuckerverse Corporation Just Received a Shipment of Parts from a Supplier