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An invoice with the terms "3/10 net 30" is summarized as follows:
(1) "3/10" means that if the buyer of the service/goods pays within 10 days (of the date of the invoice), the seller will give them a 3% discount on the invoiced balance
(2) "net 30" means that the whole balance is due in no later than 30 days (of the date of the invoice)
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How do you compute cash discount?
If the terms are 2/10 net 30, that means you receive a 2% discount if you pay the invoice within 10 days, otherwise, the total amount is due in thirty days. So if you pay early, multiply the invoice total by 2% (.02), that is the discount amount to be subtracted from the invoice total.
What does terms of Net on a contract mean?
If you mean on a contract that you need to pay (invoice), it probably has something like 2/10 net 30. If this is what you are talking about it means that you can take a 2% discount if it is paid within 10 days, otherwise the "net" amount is due in 30 days.
How much would a sales discount be on an invoice that totals 3000 is dated Jan 14 has terms of 2 10 net 30 and is paid on Jan 25?
60
An Invoice for $100.00 is received on the 1st of the month with terms 110net30.?
The invoice for $100.00 with terms 110net30 means that the total amount is due in 30 days, but the buyer can take a 10% discount if paid within 10 days. If the invoice is paid within the discount period, the amount due would be $90.00. Otherwise, the full amount of $100.00 is due by the end of the 30-day period.
What is the equivalent of e15 in decimal in nokia net monitor?
I've never heard of Nokia Net Monitor, but e15 means 10^15, which is 1,000,000,000,000,000, or 1 quadrillion.
