Credit terms of 2/10,prox net 30 mean that a cash discount of 2% can be taken if payment is made by _________________ or the full invoice must be paid by __________________ .
A) days after the invoice date,30 days after the invoice date
B) days after the invoice date,the 30th day of this calendar month
C) the 10th day of the next calendar month,30 days after the invoice date
D) the 10th day of the next calendar month,the 30th day of the next calendar month
E) days after the good are actually received,30 days after the goods are actually received
Correct Answer:
Verified
Q5: Cleveland Megatron,Inc.is short on cash and finds
Q6: Accruals provide an attractive and accessible financing
Q7: The XYZ Company has annual average purchases
Q8: Which of the following constitute(s)a spontaneous financing
Q9: The decision rule a payables manager should
Q10: The most reliable measure of a firm's
Q11: A _ source of financing provides funds
Q12: The advantage of consignment to the retailer
Q13: The highest tier of ethical decisions,which entails
Q15: Which of the following is a payment
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents