Question: The credit term 2 / 2 0 , net 5 0 means that the buyers can take up 5 0 days to pay. But the

The credit term 2/20, net 50 means that the buyers can take up 50 days to pay. But the firm allows buyers to take 2% discount if they pay within 20 days. Otherwise, they must pay the full amount within 50 days.

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