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rolpace88 rolpace88
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8 years ago
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
Textbook 
Business Math

Business Math


Edition: 10th
Authors:
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MillionMillion
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#1
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8 years ago
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rolpace88 Author
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#2
8 years ago
Not sure why I found this tricky. Now that I know the answer, it's almost self-explanatory.
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#3
8 years ago
You're welcome
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