Jack Inc. offers a credit term of n/30. This means that the company: a. receives money from the customers 30 days after the of sale of the goods. b. offers a 30-day loan to the suppliers. c. expects to collect receivables every 30 days. d. pays its creditors within 30 days of the purchase of raw materials.
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Jack Inc. offers a credit term of n/30. This means that the company:
|
|
a. |
receives money from the customers 30 days after the of sale of the goods. |
|
|
b. |
offers a 30-day loan to the suppliers. |
|
|
c. |
expects to collect receivables every 30 days. |
|
|
d. |
pays its creditors within 30 days of the purchase of raw materials. |
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