If an invoice states 5/15,n/60,the 15 refers to the:

Question

Quizplus · Accepted Answer

The numbers in the invoice statement "5/15,n/60" represent the terms of the payment agreement. The "15" refers to the number of days in the discount period, during which the buyer can take a 5% discount off the total amount due if they pay the invoice in full. The "60" refers to the number of days in which the invoice must be paid in full. Therefore, the correct answer is B - days in the discount period.

If an Invoice States 5/15,n/60,the 15 Refers to The