3/10 net 45 EOM translates as ________. A) a 10 percent cash discount

3/10 net 45 EOM translates as ________.

A) a 10 percent cash discount may be taken if paid in three days; if no cash discount is taken, the balance is due in 45 days
B) a 3 percent cash discount may be taken if paid in 10 days; if no cash discount is taken, the balance is due 45 days after transaction is complete
C) a 3 percent cash discount may be taken if paid in 10 days; if no cash discount is taken, the balance is due 45 days after the end of the month
D) a 3 percent discount may be taken on 10 percent of the purchase if the account is paid within 45 days after the end of the month

ANSWER

C