If the current credit policy is 3/30 net 60, which of the following tightens the credit policy?
A)3/30 net 90
B)3/35 net 75
C)2/30 net 60
D)3/20 net 45

Question

Quizplus · Accepted Answer

Reducing the discount period from 30 to 20 days and the net period from 60 to 45 days tightens the credit policy by requiring earlier payment to receive the discount and shortening the overall payment period.

If the Current Credit Policy Is 3/30 Net 60, Which