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Paulette Sanchez has just received an invoice for merchandise she purchased from one of her company's suppliers. The invoice is for $1,892.78 and includes "2/10, net 30" terms, which mean that:
a. Paulette must pay the invoice within 30 days; otherwise, she will incur a 2 percent penalty for every 10 days the bill is past due.
b. Paulette must pay 2 percent of the invoice ($37.86) within 10 days and must pay the remaining balance within 30 days.
c. Paulette can pay just $1,854.92 if she pays the invoice within 10 days; otherwise, the full invoice ($1, 892.78) is due within 30 days.
d. Paulette can pay just $1,703.50 if she pays the invoice within 2 days; otherwise, the full invoice ($1, 892.78) is due within 30 days.
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