Credit Terms of 1/10 N/30 Indicates That the Buyer Is

question 1

Multiple Choice

Credit terms of 1/10 n/30 indicates that the buyer is:

• A)allowed a 10% discount if payment is made within 30 days.
• B)allowed a 1% discount if payment is made within 10 days.
• C)allowed a 1% discount if payment is made within 30 days.
• D)allowed a 30% discount if payment is made within 10 days.

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Definitions:

Nonparticipating

A term often used in insurance and investment indicating that the holder or policy does not have the right to share in dividends or profits.