30.) The credit term 2/10, net 30 means that the buyers can take up 30...

90.2K

Verified Solution

Question

Finance

30.) The credit term 2/10, net 30 means that the buyers can take up 30 days to pay. But the firm allows buyers to take 2% discount if they pay in 10 days. Otherwise, they must pay the full amount within 30 days.

True

False

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students