The Tuckerverse Corporation just received a shipment of parts from a supplier that contained the terms 2/15 net 30.Under these terms the firm has no real financial incentive to pay this bill earlier than its due date.

Question

Quizplus · Accepted Answer

The terms "2/15 net 30" mean that the buyer can take a 2% discount if the invoice is paid within 15 days; otherwise, the full amount is due in 30 days. This provides a financial incentive to pay early to take advantage of the discount.

The Tuckerverse Corporation Just Received a Shipment of Parts from a Supplier