In credit terms of 3/15, n/45, the 3 represents theA) number of days in the discount periodB) full amount of the invoiceC) number of days when the entire amount is dueD) percent of the cash discount

Question

Jessica Gomez · Accepted Answer

Final Answer : D, Explanation :  The 3 in the credit terms 3/15, n/45 represents the percent of the cash discount offered for early payment.

In credit terms of 3/15, n/45, the "3" 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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Learning Objectives

Learning Objectives

Related questions

In credit terms of 3/15, n/45, the "3" represents theA) number of days in the discount periodB) full amount of the invoiceC) number of days when the entire amount is dueD) percent of the cash discount

Definitions

Learning Objectives

Learning Objectives

Related questions

In credit terms of 3/15, n/45, the "3" 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