A prompt payment term such as "2/10:n/30" means which of the following?
A) The gross amount is due in ten days.
B) The customer can earn a 2% cash discount by paying within 10 days of the invoice date.
C) The customer can earn a 10% cash discount by paying within 2 days of the invoice date.
D) The customer can earn a 10% cash discount by paying within 30 days.
Correct Answer:
Verified
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