Which two of the following are the key considerations for a seller who is establishing the length of the credit period being offered to a customer

Which two of the following are the key considerations for a seller who is establishing the length of the credit period being offered to a customer? I. seller's operating cycle II. customer's operating cycle III. seller's inventory period IV. customer's inventory period    A.  I and II B.  II and III C.  III and IV D.  II and IV E.  I and IV Refer to section 20.2

27.	Which one of the following factors tends to favor longer credit periods?    A.  high consumer demand B.  lower priced merchandise C.  increased credit risk D.  merchandise with low collateral value E.  increased competition Refer to section 20.2

28.

Which one of the following statements is correct in regards to credit periods?    A.  Perishable items tend to have longer credit periods. B.  Items with low markups tend to have longer credit periods. C.  Smaller accounts tend to have longer credit periods. D.  Different customers may be offered different credit periods by the same firm. E.  Newer products tend to have shorter credit periods. Refer to section 20.2

29.

A cash discount of 2/5, net 30:    A.  grants customers 30 days to pay after the discount period expires. B.  offers customers a maximum of 30 days credit. C.  grants free credit for a period of 30 days. D.  charges a higher price to a cash customer than to a customer who pays in 2 days. E.  grants customers 2 days to pay if they want the 5 percent discount. Refer to section 20.2

30.

Under credit terms of 1/5, net 15, customers should:    A.  always pay on the 15th day. B.  take the 5 percent discount and pay immediately. C.  take the discount and pay on the day following the day of sale. D.  either take the discount or pay on the 15th day. E.  both take the discount and pay on the 15th day. Refer to section 20.2