If an Organization Purchases $700 of Supplies on Account, with Terms

Multiple Choice

If an organization purchases $700 of supplies on account, with terms of 2/15, n50:

A) $650 must be paid within 15 days of the invoice date.
B) $698 must be paid within 50 days of the invoice date.
C) $686 can be paid within 15 days of the invoice date, or $700 must be paid within 50 days of the invoice date.
D) $686 can be paid within 15 days of the invoice date, or $714 must be paid within 50 days of the invoice date.