Multiple Choice
Which of the following is the effect of purchasing merchandise on account with credit terms 2/10, n/30?
A) There is no effect on the liquidity and profitability metrics.
B) There is an increase in liquidity, while profitability remains unchanged.
C) There is an increase in profitability, while liquidity remains unchanged.
D) There is an increase in the liquidity and profitability metrics.
Correct Answer:
Verified
Correct Answer:
Verified
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