In the Credit Terms of 2/10,n/30,what Does the 2/10 Mean

question 128

Multiple Choice

In the credit terms of 2/10,n/30,what does the 2/10 mean?

• A) The invoice must be paid in 2 days or a 10% late charge will be assessed.
• B) The invoice was printed 2 days after the sale and is due in 10 days.
• C) The goods shipped took 2 days to arrive and the charge was $10.00.
• D) The purchaser may take a 2% discount if the invoice is paid in 10 days.

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Definitions:

Imports

Goods and services bought by a country from foreign countries, which can range from raw materials to finished products.

Exports

are goods or services produced in one country and sold to buyers in another, representing a key component of international trade.

Net Exports

Net exports represent the difference between a country's exports and imports of goods and services.

GDP

Describing the entire market price of all final products and services created within the confines of a country throughout a given timeframe as Gross Domestic Product.