3/10, N60 Implies 1

question 10

Multiple Choice

3/10, n60 implies 1. a 3% discount if paid in 60 days 2. a 3% discount if paid in 10 day 3. payment must be made by the 60th day​

• A) 1 and 2​
• B) ​1 and 3
• C) ​2 and 3
• D) ​1, 2, and 3

---

Definitions:

Capital Flight

The large-scale exodus of financial assets and capital from a nation due to economic or political instability.

Tax Credit

A direct reduction in tax liability, not merely a reduction in taxable income, that decreases the total tax bill directly.

Interest Rate

The cost of borrowing money or the return on saving, expressed as a percentage of the amount borrowed or saved.

Exchange Rate

The value of one currency for the purpose of conversion to another, indicating how much of one currency can be exchanged for another.