The Terms '2/10, N/30' Appearing on an Invoice for the Sale/purchase

question 19

Multiple Choice

The terms '2/10, n/30' appearing on an invoice for the sale/purchase of inventories means that the buyer:

• A) will receive a 10% discount if paid within 2 days of the invoice date, otherwise the full amount must be paid within 30 days of the invoice date.
• B) will receive a 2% discount if paid within 10 days of the invoice date, otherwise the full amount must be paid within 30 days of the invoice date.
• C) has 10 days from the invoice date to pay the full amount or a 2% surcharge will be applied and total amount owing must be paid within 30 days of invoice date.
• D) has 2 days from the invoice date to pay the full amount or a 7% surcharge will be applied and total amount owing must be paid within 30 days of invoice date.

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Definitions:

Audience Involved

The process of engaging and considering the perspectives, needs, and expectations of the people who are targeted or affected by a communication effort, project, or service.

Sales Representative

An individual who sells products or services on behalf of a company, often directly to customers, and may also provide product information and customer service.

Reasoning

The process of forming conclusions, judgments, or inferences from facts or premises.

Writing Skills

The ability to express ideas clearly and effectively in written form, encompassing grammar, style, and structure.