Question: The credt terms 2 / 7 0 , n / 3 0 are inverpreted as: Muliple Choice 2 % cash discount if the amount is

The credt terms 2/70, n/30 are inverpreted as:
Muliple Choice
2% cash discount if the amount is paid within 10 days, of the full belance due in 30 ders.
10% cash discount if the amount is paid watin 2 days, or the full balance due in 30 dams.
30% discount if paid within 2 days.
30% discount if poid within 10 days.
2% discount if paid within 30 days.
The credt terms 2 / 7 0 , n / 3 0 are inverpreted

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!