Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
H3Ko H3Ko
wrote...
Go to Answer
Posts: 4891
Rep: 45 0
7 years ago
What does "2/10" mean, with respect to "credit terms of 2/10, n/30"?
A) Interest of 2 percent will be charged if the invoice is paid after 10 days from the date on the invoice.
B) A discount of 2 percent will be allowed if the invoice is paid within 10 days of the invoice date.
C) Interest of 10 percent will be charged if invoice is paid after two days.
D) A discount of 10 percent will be allowed if the invoice is paid within two days of the invoice date.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
Read 150 times
2 Replies
Replies
Answer verified by a subject expert
.unplugged..unplugged.
wrote...
#1
Top Poster
Posts: 1272
Rep: 267 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

H3Ko Author
wrote...
#2
7 years ago
I just realized you had posted this! Thanks so much
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1280 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 159
  
 242
  
 159
Your Opinion
Which 'study break' activity do you find most distracting?
Votes: 741
Previous poll results: What's your favorite funny biology word?