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Which most businesses receive cash for credit and debit card

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Reference no: EM132737505

Problem 1: Most businesses receive cash for credit and debit card sales

(A) at the end of the business day.

(B) by the start of the next business day.

(C) within 2-3 days after batching out.

(D) on the first day of the next month.

Problem 2: Credit terms of 2/10, n/30 means that if the account is paid in

(A) 2 days, a 10% discount will be allowed.

(B) 10 days, a 2% discount will be allowed.

(C) 10 days, a 30% discount will be allowed.

(D) 30 days, a 2% discount will be allowed.

Reference no: EM132737505

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