What does "2/10" mean, with respect to "credit terms of 2/10, n/30"?

a. a discount of 2 percent will be allowed if the invoice is paid within 10 days of the invoice date.

b. interest of 10 percent will be charged if invoice is paid after two days.

c. a discount of 10 percent will be allowed if the invoice is paid within two days of the invoice date.

d. interest of 2 percent will be charged if the invoice is paid after 10 days from the date on the invoice?

If you miss two payments on a credit card what is generally the penalty

conquest, inc. produces a special kind of light-weight, recreational vehicle that has a unique design. it allows the company to follow a cost-plus pricing strategy. it has $9,000,000 of average assets, and the desired profit is a 10% return on assets. assume all products produced are sold. additional data are as follows: sales volume 1000 units per year; variable costs $1000 per unit; fixed costs $4,000,000 per year; using the cost-plus pricing approach, what should be the sales price per unit?

The prebisch–singer hypothesis concludes that: a. technology lowers the cost of manufactured products, so developing countries should see an increase in their terms of trade. b. developing countries experience a long-run decline in their terms of trade, as the demand for primary products in higher-income countries declines relative to their demand for manufactured goods. c. because of unfair trading practices, labor in developing countries is exploited. d. opec has been responsible for a slowdown in the world's standard of living.