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    Exam 16: Pricing Concepts and Strategies
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    Cash Discounts Are Usually Specified by a Term on the Invoice
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Cash Discounts Are Usually Specified by a Term on the Invoice

Question 229

Question 229

True/False

Cash discounts are usually specified by a term on the invoice such as 2/10, net 30, which means that the bill is due in full within 10 days, with 30 days remaining to claim a 2 percent discount.

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