Which of the Following Statements Is True About a Purchase

question 12

Multiple Choice

Which of the following statements is true about a purchase made with the credit terms of 2/10, n/30?

• A)If a company does not make payment within 10 days, the discount will not apply.
• B)If the company makes a payment within 30 days, a 2% discount will apply.
• C)If a company makes a payment between 10 and 30 days, a 2% discount applies.
• D)None of these statements are true.