What Do Credit Terms of 2/10,n/30 Indicate

question 99

Multiple Choice

What do credit terms of 2/10,n/30 indicate?

• A)two percent discount for early payment is available if the invoice is paid before the tenth day of the month following the month the sale.
• B)two percent discount for early payment is available within ten days of the invoice date.
• C)ten percent discount for early payment is available if the invoice is paid within two days of the date of the invoice.
• D)two percent discount for early payment is available if the invoice is paid after the tenth day,but before the thirtieth day of the invoice date.

Grasp the ethical considerations and potential corruptive effects of power in leadership positions.

Define and distinguish various terms and theories related to power and influence in organizational behavior.

Understand the legal framework and considerations related to negligence claims, including assumption of risk, comparative negligence, and duty of care.

Identify the elements of negligence required to establish a claim in court.

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Definitions:

Debt/Equity Ratio

A calculation that shows how much a company relies on borrowed funds, found by dividing the sum of its liabilities by the equity owned by shareholders.

Long-term Debt Ratio

A financial ratio that shows the proportion of a company’s long-term debt compared to its total assets.

Total Debt

Refers to the sum of all financial obligations (short-term and long-term liabilities) owed by an individual or entity.

Net Cash

The amount of cash that is available after all debts, expenses, and operational costs have been deducted.