Redline Editorial Services sent a $1,000 invoice to a customer for copyediting a booklet.According to the terms of the invoice,the customer would receive a 3 percent discount on the invoice price if the invoice was paid within 15 days.This is an example of a:
A) Quantity discount.
B) Cash discount.
C) Rebate.
D) Functional discount.
E) Promotional allowance.

Question

Quizplus · Accepted Answer

This is the definition of a cash discount.

Redline Editorial Services Sent a $1,000 Invoice to a Customer