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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
Expert Solution
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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