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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