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:

Team Members

Individuals who are part of a group collaborating towards a common goal or project, each contributing with their unique skills and perspectives.

Status Structure

The arrangement or organization of individuals within a group according to their rank, role, or authority.

Cohesion

The degree to which members of a group or unit feel connected and remain committed to staying together.

Behavioral Norms

Accepted behaviors within a society or group, which are considered normal or typical.