A company has the possibility to pay off a line of credit early for a 2% discount rate if paid off in 25 days. There are 24.333 discount periods for the year for this money if the discount is not taken. What are the terms for this cash discount?
A) 2/25 net 50
B) 2/25 net 40
C) 2/25 net 60
D) 2/25 net 70
E) 2/25 net 30
B
Business
You might also like to view...
Section I of the Homeowners forms provides up to ________ when the insured is assessed by a corporation or property owner's association for damage to property owned collectively, but only if it was damaged by a peril insured against under Coverage A of the policy.
a. $250. b. $1,500. c. $500. d. $1,000.
Business
Most international companies strive to adapt global brands to local needs
Indicate whether the statement is true or false
Business