What Is Meant by the Term 1

question 52

Multiple Choice

What is meant by the term 1.5/14 net 30?

• A)If the invoice is paid within 14 days a discount of 1.5 percent can be taken,otherwise the invoice is due in 30 days.
• B)If the invoice is paid within 30 days a discount of 14 percent can be taken,otherwise the invoice is due 14 days after that days.
• C)If the invoice is paid within 1.5 days a discount of 14 percent can be taken,otherwise the invoice is due in 30 days.
• D)If the invoice is paid right away,a discount of 14 percent can be taken,otherwise a discount of 1.5 percent can be taken if paid within the next 30 days.