A cash discount is quoted to a retailer as 3/10, net 60 . This ...

[debasdf]

A cash discount is quoted to a retailer as 3/10, net 60 . This means that:
 a. a discount of 3 percent can be earned if paid off in 10 installments over the next 60 days.
  b. the retailer will get a 10 percent discount if the total is paid in 60 days.
  c. a 3 percent discount will be granted to the retailer if the bill is paid in 10 days.
  d. the bill is due in 60 days, but a discount of 3 percent to 10 percent can be earned for paying it off sooner.
  e. the total bill must be paid within 10 days.

Question 2

The availability of credit can increase customers' impulse buying and can also increase their willingness to purchase expensive items.
 
 Indicate whether the statement is true or false

[akpaschal]

Answer to Question 1

C

Answer to Question 2

T

[debasdf]

TYSM

[carlsona147]

Thanks for the timely response, appreciate it