The terms of an invoice are 3/10, n/25. This means that a ________
A) discount of 10 percent is allowed if the invoice is paid within three days
B) discount of 3 percent is allowed if the invoice is paid within 10 days
C) discount of 25 percent is allowed if the invoice is paid within 10 days
D) discount of 3 percent is allowed if the invoice is paid after 25 days
B
You might also like to view...
Environmental hazards not itemized in the Transfer Disclosure Statement (TDS) include:
a. hazardous construction materials and waste. b. window security bars and inoperable release mechanisms. c. environmental noise. d. whether the property is located in a special flood hazard area.
A beta coefficient of -1 represents an asset that ________
A) is more responsive than the market portfolio B) has the same response as the market portfolio but in opposite direction C) is less responsive than the market portfolio D) is unaffected by market movement