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:

Expenses

Refers to the costs incurred in the operation of a business or the execution of a project.

Revenue Analysis

Marketing analytics tool that measures and evaluates revenue from specific products or regions.

Strategic Planning

The process of defining an organization's strategy or direction and making decisions on allocating its resources to pursue this strategy, often based on long-term goals.

Executive Summary

A brief section at the beginning of a document, report, business plan, or presentation that summarizes the main points.