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Homework answers / question archive / The net credit period for a company with terms of 3/10, net 60 is __________________ Group of answer choices 10 days 30 days 50 days 60 days

The net credit period for a company with terms of 3/10, net 60 is __________________ Group of answer choices 10 days 30 days 50 days 60 days

Finance

The net credit period for a company with terms of 3/10, net 60 is __________________

Group of answer choices 10 days 30 days 50 days 60 days

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Computation of the net credit period:-

Net credit period = Full payment period - Discount period

= 60 - 10

= 50 days

Correct option is 3). 50 days

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