Treetop Nursery Offers Customer Credit Terms of 2/15 Net 30

question 276

Multiple Choice

Treetop Nursery offers customer credit terms of 2/15 net 30. This gives customers a

• A) 15 percent discount if they pay in two days.
• B) 2 percent discount if they pay in thirty days.
• C) 2 percent discount if they pay in fifteen days.
• D) 15 percent discount if they pay in thirty days.

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Definitions:

Colon Cancer

A type of cancer that arises in the colon, the longest part of the large intestine, and can lead to significant health issues and requires medical intervention.

Gross Earnings

The total amount of money earned by an individual or business before any deductions or taxes are applied.

Payroll Process

The administrative operation involving the calculation of employees' salaries, withholdings, and deductions, as well as the distribution of their paychecks or electronic payments.

Deductions

Expenses or amounts removed from taxable income, effectively reducing the overall tax liability.