What do the credit terms, 2/15, n/30 mean?
A. A fifteen percent discount can be deducted if the invoice is paid within two days following the date of sale.
B. A two percent discount can be deducted for a period up to thirty days following the date of sale.
C. A two percent discount can be deducted if the invoice is paid after the fifteenth day following the sale, but before the thirtieth day.
D. A two percent discount can be deducted if the invoice is paid before the fifteenth day following the date of the sale.
Answer: D
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