2/15 Net 45 Translates as ________

2/15 net 45 translates as ________.

A) 15 percent cash discount if paid in 2 days, net 45-day credit period
B) 45 percent of account due in 15 days, payment prior to day 15 receives a 2 percent discount
C) 2 percent cash discount if paid prior to 15 days, if customer does not take a cash discount, the balance is due in 45 days
D) 2 percent of the balance is due in 15 days, the remaining balance is due in 45 days.