The purchaser may deduct 2% from the purchase price if payment is made within 10 days; but if not paid within 10 days, the net amount of the purchase is due within 30 days. The sale is made on what terms?
A) 10/30, net/2
B) 2/10, net/30
C) 2/30, net/10
D) 10/2, net/30
Correct Answer:
Verified
Q119: The Small Business Administration cannot assist in
Q120: The effective annual interest rate on a
Q121: The approximate effective cost (EC) of financing
Q122: Eriez Magnetics purchased goods with a purchase
Q123: Eriez Magnetics purchased goods with a purchase
Q125: Which of the following are not typical
Q126: If a firm chooses to take a
Q127: A receivable from the sale of merchandise
Q128: What is the most important overall source
Q129: Ningbo Steel was extended credit terms of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents