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Other Fields Homework Help Business Topic started by: rolpace88 on May 18, 2015



Title: Credit terms of 2/15, N/35 on an invoice dated March 21 means:
Post by: rolpace88 on May 18, 2015
Credit terms of 2/15, N/35 on an invoice dated March 21 means:
A) the net amount of the bill is due between April 1 and April 25
B) any payment made after April 25 may be subject to an interest charge
C) a 2% discount can be taken between March 21 and April 4
D) a 15% discount can be taken between March 21 and March 23


Title: Re: Credit terms of 2/15, N/35 on an invoice dated March 21 means:
Post by: Million on May 25, 2015
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Title: Re: Credit terms of 2/15, N/35 on an invoice dated March 21 means:
Post by: rolpace88 on May 27, 2015
Not sure why I found this tricky. Now that I know the answer, it's almost self-explanatory.


Title: Re: Credit terms of 2/15, N/35 on an invoice dated March 21 means:
Post by: Million on May 27, 2015
You're welcome