The Term 2/10 Net 30 Means

question 40

Multiple Choice

The term 2/10 net 30 means:

• A)If the invoice is paid within 10 days,a 2% discount can be taken.If the invoice is paid between 11 and 29 days a 1% discount can be taken.After 30 days the full invoice is due.
• B)If the invoice is paid within 2 days,a 10% discount can be taken,otherwise the full invoice is due in 30 days.
• C)If the invoice is paid within 2 days,a 10% discount can be taken,otherwise a 2% discount can be taken if the invoice is paid in 30 days.
• D)If the invoice is paid within 10 days,a 2% discount can be taken,otherwise the full invoice is due in 30 days.

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Definitions:

Product Life Cycle

The stages a product goes through from its introduction to the market, growth, maturity, and eventual decline.

Music Store

A music store is a retail business that sells musical instruments, scores, recordings, and related merchandise and services.

Consumer-Packaged Goods

Products that are sold in a package and used up by consumers over a short period.

Product Life Cycle

The stages a product goes through from development and introduction to the market, growth, maturity, and eventual decline.