The credit terms offered to a customer by a business firm are 3.210,n30, which means...

60.1K

Verified Solution

Question

Accounting

The credit terms offered to a customer by a business firm are 3.210,n30, which means that
the customer must pay the bill within 10 days.
two sales returns can be made within 10 days of the invoice date and no returns thereafter.
the customer can deduct a 3.2% discount if the bill is paid within 10 days of the invoice date.
the customer can deduct a 3.2% discount if the bill is paid between the 10 th and 30 th day from the invoice date.
image

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