2/15 Net 45 Translates as ________

question 111

Multiple Choice

2/15 net 45 translates as ________.

• A) 15 percent cash discount if paid in 2 days, net 45-day credit period
• B) 45 percent of account due in 15 days, payment prior to day 15 receives a 2 percent discount
• C) 2 percent cash discount if paid prior to 15 days, if customer does not take a cash discount, the balance is due in 45 days
• D) 2 percent of the balance is due in 15 days, the remaining balance is due in 45 days.

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Definitions:

Thoroughly Educate

The process of providing extensive information and knowledge about a product, service, or topic to fully inform a person or audience.

Legal Problems

Issues or disputes that arise requiring resolution through legal means, often involving litigation or regulatory compliance challenges.

Misused Assets

Resources or assets that are not being utilized in an optimal or intended manner, leading to inefficiencies or loss within an organization.

Merchandise Credits

A form of store credit issued to a customer, typically from a returned item, for future purchases at that retailer.