Q.

Cash Discount term 3/15, net 40 means

A. 3% Discount if payment in 15 days, otherwise full payment in 40 days,
B. 15% Discount if payment in 3 days, otherwise full payment 40 days,
C. 3% Interest if payment made in 40 days and 15%,interest thereafter,
D. None of the above.
Answer» A. 3% Discount if payment in 15 days, otherwise full payment in 40 days,
1.9k
0
Do you find this helpful?
14

View all MCQs in

Financial Management

Discussion

No comments yet