The Expression "3/10,n/30" Means That a Business Must Pay 3

question 17

True/False

The expression "3/10,n/30" means that a business must pay 3 percent of the total invoice amount in 10 days,with the remainder due in 30 days.

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Definitions:

Fixed Costs

Costs that do not vary with the level of output or production, such as rent, salaries, and loan payments.

Variable Costs

Costs that vary directly with the level of production or output.

Yearly Return

The percentage of increase or decrease in the value of an investment over a one-year period.

Maximize

To increase to the greatest possible amount or degree.