Credit Terms of 1/10, N/30 Means That

question 96

Multiple Choice

Credit terms of 1/10, n/30 means that:

• A)payment in full is due 10 days after date of the invoice.
• B)a 1% discount may be taken for up to 30 days.
• C)if the invoice is paid within 10 days of its date, a 1% discount may be taken; otherwise the total amount is due in 20 days.
• D)if the invoice is paid within 10 days of its date, a 1% discount may be taken; otherwise the total amount is due in 30 days.

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Definitions:

Greenough

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One of the key figures in the founding of the United States of America, including signatories of the Declaration of Independence or framers of the Constitution.

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