A Wholesaler Has Been Offering His Customers Payment Terms of 3/10

question 221

Multiple Choice

A wholesaler has been offering his customers payment terms of 3/10, net 60. He wants to tighten his terms because interest rates have gone up. He could change his terms to:

• A) 3/10, net 90.
• B) 3/20, net 60.
• C) 4/10, net 60.
• D) 3/10, net 30.
• E) None of these is a good answer.

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Definitions:

NAS

Network Attached Storage, a file-level storage architecture connected to a computer network providing data access to a group of clients.

Data Backup

The process of copying or archiving files and data so they can be restored in the event of data loss, which can be due to system failure, data corruption, or disasters.

File Sharing

The practice of distributing or providing access to digital media, such as documents, images, videos, or music, over a network.

Wireless Data

The transfer of information or data between devices without the use of wires or cables, often over a radio frequency.