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When Goods Are Sold to a Customer with Credit Terms

Question 37

Multiple Choice

When goods are sold to a customer with credit terms of 2/15, n/30, the customer will receive which of the following?


A) A 15% discount if they pay within 30 days.
B) A 15% discount if they pay within 2 days.
C) A 2% discount if they pay within 15 days.
D) A 2% discount if they pay 15% of the amount due within 30 days.

Correct Answer:

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