Looking for the answer to the question below related to Financial Management?
Cash Discount term 3/15, net 40 means
Options:
| 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 |
The Correct Answer Is:
- A. 3% Discount if payment in 15 days, otherwise full payment in 40 days
Conclusion
I hope you got the answer to your question.
