What is meant by the term 1.5/14 net 30?
A) If the invoice is paid within 14 days, a discount of 1.5 percent can be taken; otherwise the invoice is due in 30 days.
B) If the invoice is paid within 30 days, a discount of 14 percent can be taken; otherwise the invoice is due 14 days after that day.
C) If the invoice is paid within 1.5 days, a discount of 14 percent can be taken; otherwise the invoice is due in 30 days.
D) If the invoice is paid right away, a discount of 14 percent can be taken; otherwise a discount of 1.5 percent can be taken if paid within the next 30 days.

Question

Quizplus · Accepted Answer

The term 1.5/14 net 30 means that a discount of 1.5% can be taken if the invoice is paid within 14 days, otherwise the full amount is due in 30 days.

What Is Meant by the Term 1