Which of the following trade credit terms for goods and services purchased would be least desireable to the purchasing firm?

Question

Quizplus · Accepted Answer

The terms "1/10 net 30" means that the purchasing firm can receive a 1% discount if payment is made within 10 days, but the full payment is due within 30 days. This is the least desirable option since the discount is small and the payment is due relatively quickly.

Which of the Following Trade Credit Terms for Goods and Services