What is meant by the term 1.5/14 net 30?
A)If the invoice is paid within 14 days a discount of 1.5 percent can be taken,otherwise the invoice is due in 30 days.
B)If the invoice is paid within 30 days a discount of 14 percent can be taken,otherwise the invoice is due 14 days after that days.
C)If the invoice is paid within 1.5 days a discount of 14 percent can be taken,otherwise the invoice is due in 30 days.
D)If the invoice is paid right away,a discount of 14 percent can be taken,otherwise a discount of 1.5 percent can be taken if paid within the next 30 days.
E)If the invoice is paid 1.5 days a discount of 30 percent can be taken,otherwise the invoice is due in 14 days.

Question

Quizplus · Accepted Answer

The term 1.5/14 net 30 means that if the invoice is paid within 14 days, a discount of 1.5 percent can be taken, otherwise, the invoice is due in 30 days.

What Is Meant by the Term 1