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1. An invoice states terms of 2/10 net 30, where the invoice amount is $100. What is the cash discount for someone paying the invoice in 25 days?A. $2B. $4C. $6D. $1E. There is no cash discount. (E) The term 2/10 net 30 means that if the invoice is paid within ten days, the buyer is afforded a 2% discount. In this case, the invoice was paid after the ten-day period offering the discount; thus, there is no discount.2. Which of the following stages in the new product development process involves the firm estimating how many units must be sold in order to cover the cost of production?
3. Which of the following describes the typical buying behavior of the senior citizen?