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A trade discount of 2/5th, EOM terms: Multiple Choice
A. grants customers five days to pay after month end.
B. offers no credit to customers.
C.means the full amount is due by the 5th of the month following the month of sale.
D. means the invoice is overdue only after month-end.
E. means the full amount is due the last day of the month following the month of sale.
Answer & Explanation
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