A Credit Policy of "2/10, Net 30" Means

question 94

Multiple Choice

A credit policy of "2/10, net 30" means

• A) That if a customer pays its bill within 10 days, it will receive a 30 percent discount.
• B) That if a customer pays its bill within 30 days, it will receive a 10 percent discount.
• C) That if a customer pays its bill within 2 days, it will receive a 10 percent discount.
• D) That if a customer pays its bill within 10 days, it will receive a 2 percent discount.
• E) None of these are correct.

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Definitions:

Minimally Acceptable

The lowest standard or level of quality considered satisfactory for a specific purpose or requirement.

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The idea that individuals are responsible for their own actions and consequences, emphasizing accountability and self-reliance.

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Legislation aimed at increasing job opportunities for individuals, often focusing on providing skills and training to the unemployed or underemployed.