Which of the Following Correctly Describes Credit Terms of 2/10

question 15

Multiple Choice

Which of the following correctly describes credit terms of 2/10, n/30?

• A)A two percent discount for early payment is available if the invoice is paid before the tenth day of the month following the month the sale.
• B)A two percent discount for early payment is available within ten days of the date of sale.
• C)A ten percent discount for early payment is available if the invoice is paid within two days of the date of the invoice.
• D)A two percent discount for early payment is available if the invoice is paid after the tenth day, but before the thirtieth day of the invoice date.

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Definitions:

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An American philosopher and psychologist, often referred to as the "Father of American psychology," recognized for his contributions to pragmatism and functionalism.

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A German psychologist who is generally considered the father of experimental psychology; he founded the first formal laboratory for psychological research.

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The scientific study of the mind and behavior, encompassing various aspects of human experience, thought, and emotions.