Wombat Pty Ltd purchased inventory with an invoice price of $1,000 and credit termsidentified on the invoice of 2.5/10, n/30. What do these terms mean to Wombat Pty Ltd?a. no discount is applicable if paid within 10 days.b. the full invoice value of $5,000 is payable within 10 days.c. a discount of 2.5% applies no matter when the invoice is paid.d. a discount of 2.5% will be applied if the invoice is paid within 10 days of the date ofthe invoice.

Select all that applyExplain what the credit terms of 2/10,n/30 mean.Multiple select question.The full payment is due within a 30-day credit period.The buyer can take a discount of 10% if the invoice is paid with 30 days of the invoice date.The full payment is due within 10 days.The buyer can deduct 2% of the invoice amount if payment is made within 10 days of the invoice date.

Merchandise is sold for $10,400, terms 1/10, n/30. Prior to payment, the customer returned $760 of the merchandise. If the invoice is paid within the discount period the amount of the sales discount is:

Lilly’s Boots purchased inventory with an invoice price of $10,000 and credit terms of 3/10, n/30. What is the net cost of the goods if Lilly’s Boots pays within the discount period?Group of answer choices$10,300$9,900$10,000$9,700

. Explain what the terms 2%/7 days and net 30 days represents when included in asales invoice

A company makes a purchase of P 2,000 of inventory, subject to credit terms of 3/10 n/45 and returns P500 of inventory prior to payment. Freight of P400 is on terms FOB Destination Point, Prepaid. Determine the amount of the payment assuming payment is made within the discount period.