Inventory Discounts Flashcards
1
Q
What does 2/10, n/30 mean?
A
2/10 means 2% discount if you pay within 10 days
N/30 means you pay full amount (net) if you pay after 30 days
2
Q
When you pay for inventory delivery what happens?
A
The delivery charge is part of the inventory total cost
3
Q
Define freight
A
Goods transported in bulk by a mode of transport
