Which of the following statement is correct? The credit term of 2/10,n30 means that if...
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Which of the following statement is correct? The credit term of 2/10,n30 means that if customers pay their bills within 2 days of the invoice date, they will receive a 10 percent discount; if not, the net amount of the bill is due within 30 days. For the borrowing firm, long-term financing is riskier than short-term financing because short-term financing has higher interest rates. Selling commercial paper for large and creditworthy firms is usually a more expensive alternative to getting a shortterm loan from a bank. Self-liquidating loan is a loan that is used to acquire assets that generate enough cash to pay off the loan. All the answers are incorrect
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