A Discount Expressed as "2/10 Net 30" Means the Customer

question 59

True/False

A discount expressed as "2/10 net 30" means the customer can take a 2 percent cash discount for making payment within 10 days. Otherwise, the customer must increase the invoice total by 2 percent and pay that amount in 30 days.

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Definitions:

Visuals

Graphic elements or images used in communication materials to support, illustrate, or convey messages.

Gantt Charts

A type of bar chart that illustrates a project schedule, showing the start and finish dates of the various elements of a project.

Bar Charts

A graphical representation of data using bars of different heights or lengths to compare values across categories.

Trend Line Charts

Graphical representations showing the general direction or trend of data over a period of time.