If the Terms of a Business Exchange Are 2/10 Net

Multiple Choice

If the terms of a business exchange are 2/10 net 30, this means that the transaction

A) involves a cumulative discount if paid in 30 days.
B) involves a noncumulative discount.
C) offers a discount if the buyer lives within a ten-mile radius.
D) price does not include the cost of freight.
E) involves a cash discount if paid within ten days.