Im dealing with a retail distributor.

They just told me about 'Terms of Sale' and proceeded to say "2% 30, Net 31"

Uh...... What does that mean? LOL.

Also,

how the frick is anyone supposed to make money with - 5% broker fee, 10% co-op ad allowance, merchandising fee along with a opening deal allowance??? Aargh! <-Okay thats just venting, but anyone know the answer to the first question? Thanks... =T

 

You have 31 days to pay, if you pay in 30 days or less you get a 2% discount.

 

2% discount if paid within 30 days, full amount due at 31. You can probably expect a late fee after 31 days.

David

 

Wow you guys are smart. Hehe. Thank you very much!!!!

 

Good old accounting class.

 

Damn. I guess I shouldnt have dropped my accounting class........