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To Obtain the Maximum Possible Benefit from a Cash Discount

Question 24

Multiple Choice

To obtain the maximum possible benefit from a cash discount of 2/10, n/30, the buyer should pay the invoice:


A) immediately.
B) when the seller threatens legal action.
C) at the end of the month to receive a 7% discount.
D) on the last day of the discount period, i.e. in 10 days, to receive a 2% discount.

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