What do credit terms 3/20, n/60 mean? How valuable to the customer is the discount offered in

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What do credit terms 3/20, n/60 mean? How valuable to the customer is the discount offered in these terms?

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Using Financial Accounting Information The Alternative to Debits and Credits

ISBN: 978-1133161646

7th Edition

Authors: Gary A. Porter, Curtis L. Norton

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Question Posted: Jan 12, 2012 02:57 AM

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What do credit terms 3/20, n/60 mean? How valuable to the customer is the discount offered in

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Terms of 320 n60 mean that the customer may deduct 3 from the selling pri...View the full answer

Using Financial Accounting Information The Alternative to Debits and Credits

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