45 means you have 25 days from the date of the invoice to receive a 2

rolpace88

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8 years ago

A credit term of 3/15, 2/25, N/45 means you have 25 days from the date of the invoice to receive a 2

A credit term of 3/15, 2/25, N/45 means you have 25 days from the date of the invoice to receive a 2% discount.
A) True
B) False

Textbook

Business Math

Edition: 10^th

Authors: Cleaves, Hobbs, Noble

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rolpace88 Author

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8 years ago

That is correct Slight Smile

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Million

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8 years ago

A thumbs up would be appreciated Smiling Face with Glasses

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