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Sales/Marketing
23.07.2022 - 06:51

In the credit terms of 1/10, n/30, the “1” represents the a. number of days in the discount period. b. full amount of the invoice. c. number of days when the entire amount is due. d. percent of the cash discount

Question:

In the credit terms of 1/10, n/30, the ‘1’ represents the:

a. number of days in the discount period.

b. full amount of the invoice.

c. number of days when the entire amount is due.

d. percent of the cash discount

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Answers (1)
  • Cassie
    April 4, 2023 в 22:00
    The answer is (d) percent of the cash discount. In the credit terms of 1/10, n/30, the '1' represents the percentage of cash discount that is offered to customers who pay within 10 days of the invoice date. The 'n' represents the maximum credit period or the number of days when the entire amount is due, which is 30 days in this case. Therefore, option (d) is the correct answer.
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