Under credit terms of 1/5,net 15,customers should: A)always pay on the 15^th day. B)take the 5 percent discount and pay immediately. C)take the discount and pay on the day following the day of sale. D)either take the discount or pay on the 15^th day. E)both take the discount and pay on the 15^th day.

Question

Quizplus · Accepted Answer

Customers have the option to either take a 1% discount if they pay within 5 days or pay the full amount within 15 days. Therefore, either taking the discount and paying within 5 days or paying the full amount on the 15th day are both acceptable choices.

Under Credit Terms of 1/5,net 15,customers Should