What Is the Meaning of the Term '2/10 Net 30

question 94

Multiple Choice

What is the meaning of the term '2/10 net 30'?

• 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 10 days, a 2% 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 the full invoice is due in 30 days.
• D)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.

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Definitions:

Bronze Tools

Tools made from bronze, an alloy consisting primarily of copper, often used in the early periods of human civilization for their durability.

Megaliths

Large prehistoric stone monuments, often arranged in circles or aligned with astronomical phenomena, found throughout the world and associated with ancient ceremonial and burial practices.

Lascaux

A complex of caves in southwestern France famous for its Paleolithic cave paintings estimated to be up to 20,000 years old, showcasing early human art.

Bucranium

Latin, “bovine skull.” A common motif in classical architectural ornament.