Which Statement Is True About Terms of Trade Credit of 2/10

question 7

Multiple Choice

Which statement is true about terms of trade credit of 2/10, net 30?

• A)A 10% cash discount is offered for payment before 30 days
• B)A 2% cash discount can be taken for payment before the 10th of the following month
• C)A 10% cash discount can be taken if paid by the second day after invoicing
• D)No cash discount is offered after the eleventh day

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Definitions:

Massachusetts

Massachusetts is a U.S. state in New England known for its significant historical landmarks, higher education institutions, and influential role in American history.

Black Spy

Can refer to a spy who is of African descent or to a participant in espionage activities focused on African American communities or interests.

Battle of Yorktown

The decisive victory by American and French forces over the British Army in 1781, marking a turning point in the American Revolutionary War.

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The administration of liquid substances directly into a vein through an intravenous line for therapeutic purposes.