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1/15 net 30 date of invoice translates as ________.

pompa

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8 years ago

1/15 net 30 date of invoice translates as ________.

1/15 net 30 date of invoice translates as ________.
A) a 1 percent cash discount may be taken if paid in 15 days; if no cash discount is taken, the balance is due in 30 days after the middle of the month
B) a 1 percent cash discount may be taken if paid in 15 days; if no cash discount is taken, the balance is due 30 days after the invoice date
C) a 1 percent cash discount may be taken if paid in 15 days; if no cash discount is taken, the balance is due 30 days after the end of the month
D) a 1 percent discount may be taken on 15 percent of the purchase if the account is paid within 30 days after the end of the month

Textbook

Principles of Managerial Finance

Edition: 14^th

Authors: Gitman, Zutter

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pompa Author

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8 years ago

Good timing, thanks!

cartoon

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Yesterday

this is exactly what I needed

rileyjones420

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2 hours ago

Helped a lot

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