43) A 2/10, net 30 credit policy: A) is an expensive form of short-term credit if...

 

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43) A 2/10, net 30 credit policy: A) is an expensive form of short-term credit if a buyer forgoes the discount. B) provides cheap financing to the buyer for 30 days. C) an inexpensive means of reducing the O seller's collection period if every customer takes the discount. D) tends to increase the seller's investment O in receivables as compared to a straight net 30 policy. 43) A 2/10, net 30 credit policy: A) is an expensive form of short-term credit if a buyer forgoes the discount. B) provides cheap financing to the buyer for 30 days. C) an inexpensive means of reducing the O seller's collection period if every customer takes the discount. D) tends to increase the seller's investment O in receivables as compared to a straight net 30 policy.

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Explanation of Question 210 net 30 means if the amount due is paid within 10 ... View the full answer