You may attempt this question 3 more times for credit. Triumph Corporation exten

Question

You may attempt this question 3 more times for credit. Triumph Corporation extends credit to many of its customers, and sets the term of these credits at: 2/10; net/60 Triumph has noted that many of its credit customers choose not to take the discount, a concern of the company. Which of the following 6 choices would, by itself, result in more customers taking the discount? There may be more than one correct answer. To receive credit you must check all choices that apply - that is-check all choices that, by itself, would result in more customers taking the discount. 2/15 instead of 2/10 3/10 instead of 2,10 ?? 1/10 instead of 2,10 2/5 instead of 2/10 ?? net70 instead of net/60 net/50 instead of net/60

Explanation / Answer

2/10 net 60 means that 2% discount is provided in case amount is paid within 10 days, otherwise the whole amount is payable within 60 days.

A customer would want the following -

(i) greater discount (>2%); or

(ii) a greater discount period (>10 days); or

(iii) a greater credit period (>60 days).

Correct options : 2/15 instead of 2/10 ; 3/10 instead of 2/10 ; net 70 instead of net 60.

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