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2/10 Net 30 MOM Translates as

Question 122

Multiple Choice

2/10 net 30 MOM translates as

A) a 2 percent cash discount may be taken if paid in 10 days of shipment;if not paid within 10 days,the net amount is due in 30 days.
B) a 2 percent cash discount may be taken if paid in 10 days of shipment;if not paid within 10 days,the net amount is due 30 days after the middle of the month.
C) a 2 percent cash discount may be taken if paid in 10 days of shipment;if not paid within 10 days,the net amount is due 30 days after the end of the month.
D) a 2 percent cash discount may be taken if paid in 10 days of shipment;if not paid within 10 days,the net amount is due in 20 days.
E) none of the above

Correct Answer: