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if the seller gives credit terms of 2/10, net 30 this means 1) if the...

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Accounting

if the seller gives credit terms of 2/10, net 30 this means

1) if the buyer pays in 10 days they can take a 10% discount 2) if the buyer pays in 30 days they can take a 2% discount 3) if the buyer pays in 30 days they only pay 10% of the initial cost 4) if a buyer pays in 30 days they can take a 10% discount 5) if the buyer pays in 10 days they can take a 2% discount

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