The credit term 3/10 net 30 signifies: a. Credit period 30 days, cash discount 3 percent and cash discount period 10 days b. Credit period 30 days, cash discount 10 percent and cash discount period 5 days c. Credit period 60 days, cash discount 5 percent and cash discount period 10 days d. Credit period 5 days, cash discount 10 percent and cash discount period 60 days
The credit term 3/10 net 30 signifies: a. Credit period 30 days, cash discount 3 percent and cash discount period 10 days b. Credit period 30 days, cash discount 10 percent and cash discount period 5 days c. Credit period 60 days, cash discount 5 percent and cash discount period 10 days d. Credit period 5 days, cash discount 10 percent and cash discount period 60 days
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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The credit term 3/10 net 30 signifies:
a.
Credit period 30 days, cash discount 3 percent and cash discount period 10 days
b.
Credit period 30 days, cash discount 10 percent and cash discount period 5 days
c.
Credit period 60 days, cash discount 5 percent and cash discount period 10 days
d.
Credit period 5 days, cash discount 10 percent and cash discount period 60 days
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