The Example of "2/10" Net 30 Is a Type of Cash

question 125

Multiple Choice

The example of "2/10" net 30 is a type of cash discount and means that

• A) payment is due within 30 days and that the buyer can deduct 2 percent for paying the bill within 10 days.
• B) the bill is due within 30 days and the seller will add 2 percent interest for every day over the 30 days that the bill is not paid.
• C) the bill is due within 30 days paid in full.
• D) payment is due within 10 days and the buyer can deduct 2 percent for paying within the 10 day period.
• E) payment is due within 20 days and the buyer can deduct 30% if paid within two days.

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Definitions:

Responsive

The ability to quickly and accurately react to changes or inputs, often used in the context of web design or customer service.

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Achieving maximum productivity with minimum wasted effort or expense, often related to the optimal use of resources.

Aggregate Forecasts

Predictions made about future demand, sales, or other financial metrics, based on historical data and analysis of market trends, on a collective basis.

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Breaking down aggregate forecasts into more detailed, specific forecasts for individual products, locations, or time periods.