A 2/10, Net 30 Credit Policy

question 42

Multiple Choice

A 2/10, net 30 credit policy:

• A) is an expensive form of short-term credit if a buyer forgoes the discount.
• B) provides cheap financing to the buyer for 30 days.
• C) is an inexpensive means of reducing the seller's collection period if every customer takes the discount.
• D) tends to have little effect on the seller's collection period.
• E) tends to increase the seller's investment in receivables as compared to a straight net 30 policy.

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