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Your company purchases $50,000 of inventory from a wholesaler that allows you 45 days to...

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Accounting

Your company purchases $50,000 of inventory from a wholesaler that 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:

Multiple Choice

  • n/45, 3/12.

  • n/45,.03/12.

  • 3/12, n/45.

  • 03/12, n/45.

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