Question

Your company purchases $50,000 of inventory from a wholesaler who allows you 45 days to pay. In addition, the wholesaler offers a 3% discount if payment is made within 12 days. These payment terms would be expressed as:

A) 0.03/12, n/45.

B) n/45, 3/12.

C) n/45, 0.03/12.

D) 3/12, n/45.

Answer

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