Acct-161 please answer all the questions thats been asked. thank you ...
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Acct-161 please answer all the questions thats been asked. thank you 
. This module discusses discounts given out to customers based on payment terms, such as 2/10,n/30. After reading this module about discounts, answer the following questions: What would the credit terms 3/15, n/45 stand for? Explain why it is important for a company to keep track of how much money in discounts is given out? What account is used to track discounts? . From a business owner's point of view, what are the advantages of allowing discounts? . From a business owner's point of view, what are the disadvantages of allowing discounts? Include citations to all information found from the textbook, websites, or other references
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