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Periodic Inventory - Purchase Discounts
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Periodic Inventory - Purchase Discounts
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4. Merchandising Operations / Periodic Inventory - Purchase Discounts / Problem 4
Problem 4
In the notation '3/10 NET 45,' what does the 'NET 45' indicate?
A
The total number of days allowed to pay the full amount.
B
The number of days to qualify for the discount.
C
The percentage discount offered.
D
The total amount due.
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