Chapter 6, Problem 4DQ

(a)

To determine

Credit Terms: Credit terms are the terms of payment offered by the seller to the buyer.

To define: The meaning of (a) 1/15, n/60; (b) n/30; (c) n/eom

(b)

To determine

To define: The meaning of  (b) n/30.

(c)

To determine

To define: The meaning of (c) n/eom