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Credit Terms of 1/10 N/30 Indicates That the Buyer Is

Question 1

Multiple Choice

Credit terms of 1/10 n/30 indicates that the buyer is:


A) allowed a 10% discount if payment is made within 30 days.
B) allowed a 1% discount if payment is made within 10 days.
C) allowed a 1% discount if payment is made within 30 days.
D) allowed a 30% discount if payment is made within 10 days.

Correct Answer:

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