MCQOPTIONS
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MCQOPTIONS
| 1. |
Cash Discount term 3/15, net 40 means |
| A. | 3% Discount if payment in 15 days, otherwise full payment in 40 days, |
| B. | 15% Discount if payment in 3 days, otherwise full payment 40 days, |
| C. | 3% Interest if payment made in 40 days and 15%,interest thereafter, |
| D. | None of the above. |
| Answer» B. 15% Discount if payment in 3 days, otherwise full payment 40 days, | |