Question: 1 1 5 , n 3 0 is interpreted as: 1 % cash discount if the whole amount is paid within 1 5 days, the

115,n30 is interpreted as:
1% cash discount if the whole amount is paid within 15 days, the balance is due in 30 days.
15% cash discount if the whole amount is paid within 1 day, the balance is due in 30 days.
30% discount if paid within 15 days.
1% discount if paid within 30 days.
1 1 5 , n 3 0 is interpreted as: 1 % cash

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!