Homework Clinic
Social Science Clinic => Business => Topic started by: Tazate on Feb 26, 2020
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A form of credit term is 3/15, 2/25, N/40, which means:
I. a 3% discount is allowed if the invoice is paid within 15 days of the invoice date
II. a 2% discount is allowed if payment is made between days 16 and 25 of the invoice date
III. a partial payment will not be accepted after the 25th day following the invoice date
◦ III only
◦ both I and II
◦ II only
◦ I only
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both I and II
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Thank you
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Thank you