On September 1, a fiRm Grants Credit with Terms of 2/10

question 43

Multiple Choice

On September 1, a firm grants credit with terms of 2/10 net 45.The creditor:

• A)must pay a penalty of 2% when payment is made later than September 1st.
• B)must pay a penalty of 10% when payment is made later than 2 days after September 1st.
• C)receives a discount of 2% when payment is made at least 10 days before September 1st.
• D)receives a discount of 2% when payment is made before September 1st and pays a penalty
• Of 10% if payment is made after September 1st.
• E)receives a discount of 2% when payment is made within 10 days after the effective invoice
• Date of September 1st.

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Definitions:

Wage Complaints

Grievances filed by employees or labor groups concerning unpaid wages, underpayment, or violations of minimum wage laws.

HR

Abbreviation for Human Resources, the department that manages employee-related processes including hiring, training, benefits, and workplace conflict resolution.

HR

Stands for Human Resources, a department responsible for managing employee-related processes including recruitment, training, and benefits.

Specific Reasons

Particular or distinct causes or explanations for an action or phenomenon.