2/10, n/30, ROG means the cash discount period ends:
A) Within 10 days of beginning date of invoice
B) Within 30 days of beginning date of invoice
C) 20 days after beginning date of invoice
D) 10 days after the goods are received
E) None of these
Correct Answer:
Verified
Q36: The single equivalent discount rate of 9/5/4
Q37: A cash discount sometimes is taken on
Q38: 4/10, n/30, ROG means a 4% discount
Q39: Cash discounts are not taken on freight
Q40: 3/10, 1/15, n/30 means that a 3%
Q42: Which month has 30 days?
A)January
B)May
C)June
D)July
E)None of these
Q43: Which of the following is usually not
Q44: Cash discounts are:
A)Always calculated on list price
B)Sometimes
Q45: If the net price of a stove
Q46: The actual credit one receives in making
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