Reference no: EM132626346

Problem 1: The credit terms offered to a customer by a business are 2/10, n/30, which means:

Select one:

Option a. the customer can deduct a 2% discount if the bill is paid within 10 days of the invoice date.

Option b. the customer must pay the bill within 10 days.

Option c. two sales returns can be made within 10 days of the invoice date and no returns thereafter.

Option d. the customer can deduct a 2% discount if the bill is paid between the 10th and 30th day from the invoice date.