Which Statement Is True About Terms of Trade Credit of 2/10,net

question 73

Multiple Choice

Which statement is true about terms of trade credit of 2/10,net 30?

• A) A 10% cash discount is offered for payment before 30 days.
• B) A 2% cash discount can be taken for payment before the 10^th of the following month.
• C) A 10% cash discount can be taken if paid by the second day after invoicing.
• D) No cash discount is offered after the tenth day.

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Definitions:

Passionate Love

An intense emotional state characterized by a powerful longing for and absorption in another person.

Love At First Sight

The phenomenon of feeling an instant, extreme, and ultimately long-lasting romantic attraction for a stranger upon the first encounter.

Anorexia Nervosa

Anorexia nervosa is an eating disorder characterized by an intense fear of gaining weight, leading to severe restriction of food intake and a distorted body image.

Distorted Body Image

A psychological condition where an individual has a persistent misperception or dissatisfaction with their body size or shape.