If the term is 2/10, n/60, to get a discount, a purchase made on July 1 should be paid on or before A. July 21 B. July 31 C. August 11 D. July 11

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter22: Providing And Obtaining Credit
Section: Chapter Questions
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If the term is 2/10, n/60, to get a discount, a purchase made on July 1 should be paid on or before
A. July 21
B. July 31
C. August 11
D. July 11

 

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