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Jenex Corp

Question 5

Multiple Choice

Jenex Corp. has a credit policy that reads "2/10, net 30." This means that


A) the company is offering a 10 percent discount if the customer pays within 2 days.
B) the company will give a net reduction of 30 percent in the amount owed if the customer pays within 10 days.
C) the customer will have to pay at least 10 percent of the bill by the end of 30 days.
D) the customer will have to pay at least 30 percent of the bill by the end of 10 days.
E) none of these.

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