Question:Which of the following statements is true?
A Cash discounts are used to reduce the invoice price below the stated list price.
B The expression 2/30,n/60.means that a 2% cash discount is available if the invoice is paid within 30 to 60 days.
C Cash discounts may not be used in conjunction with trade discounts.
D Cash discounts normally apply to the invoice price of the merchandise, excluding freight charges.
+ AnswerA
+ Explanation
+ Report