Corporate FInace Assignment/ Professional Essay Writers
May 16th, 2020
Which one of the following statements is correct if you purchase an item with credit terms of 1/5, net 15?
Multiple Choice:
a. If you pay within 1 day, you will receive a 5 percent discount.
b. If you pay within 5 days, you will receive a 1 percent discount.
c. If you do not pay within 15 days, you will be charged interest at a rate of 1.5 percent per month 0 If you pay within 15 days, you will receive a 15 percent discount.
d. One-fifth of your purchase is due in 15 days and the rest is due in 30 days. Get Finance Help Today
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