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A Wholesaler Has Been Offering His Customers Payment Terms of 3/10

Question 221

Multiple Choice

A wholesaler has been offering his customers payment terms of 3/10, net 60. He wants to tighten his terms because interest rates have gone up. He could change his terms to:


A) 3/10, net 90.
B) 3/20, net 60.
C) 4/10, net 60.
D) 3/10, net 30.
E) None of these is a good answer.

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