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  3. Study Set
    Financial Accounting
  4. Exam
    Exam 6: Reporting and Interpreting Sales Revenue,receivables,and Cash
  5. Question
    When Credit Terms for a Sale Are 2/15,n/40,the Customer Saves
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When Credit Terms for a Sale Are 2/15,n/40,the Customer Saves

Question 20

Question 20

Multiple Choice

When credit terms for a sale are 2/15,n/40,the customer saves by paying early.What percent (rounded) would this savings amount to on an annual basis?


A) 18.2%.
B) 20.0%.
C) 29.2%.
D) 36.5%.

Correct Answer:

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