Question: The cash discount term 2 1 0 , net 3 0 ' ' means that: the invoice is dated February 1 0 and must

The cash discount term "210, net 30'' means that:
the invoice is dated February 10 and must be paid by February 30.
the buyer will, in effect, be borrowing at a 36 percent annuat interest rate if he takes 30 days to pay the invoice.
the buyer must make a 2 percent down payment--with the balance due in 10 to 30 days.
a 2 percent discount off the face value of the invoice is permitted if the bill is paid within 10 days.
Both B and D are true.
The cash discount term

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