One percent up front, balance due in 30 days.
1 percent 10th means that if you pay the balance by the 10th of the month then you can take a 1% discount on the balance due, net 30 means that if you choose to not pay the balance on or before the 10th the full balance is due 30 days after date on invoice.
It depends how important the customer thinks he is. Generally speaking seller's dictate their terms and buyers either accept it or go elsewhere. As a vendor naturally I want to keep my customers happy and as a buyer I am also conscious of how my behavior affects my vendor. If you're having difficulty with a customer over invoicing you can play hardball with such sayings as 'if you want the monkey to dance you have to pay the organ grinder' or you can explain a situation that you were involved in where a customer played such hardball that the customer was no longer 'valued' and the vendor actually went out of business. At most I would give 1% 10 net 30, try not to give anything more than net 30, after all you're not a bank, if they want to take a loan they can....
If the invoice is terms of net 30, the invoice is past due on the 31st day after the invoice date. If the invoice is dated January 1st January, generally the date it's due by is January 30th, (you count the invoice date of January 1st as the first day), meaning one day past due would be on the 31st day after the invoice date, making it January 31st.
the remainders of money after a companies revenue is deducted
$605.32
It is: 120/1
1% discount if paid by the 10th of the month, net amount is due on 30th of the month.
1 percent 10th means that if you pay the balance by the 10th of the month then you can take a 1% discount on the balance due, net 30 means that if you choose to not pay the balance on or before the 10th the full balance is due 30 days after date on invoice.
1/30 in percentage terms is 3.33... and in decimal is 0.033...
30 percent of 1 dollar is 30 cents.
% rate= 1/30 * 100%= 0.0333 * 100%= 3.33%
31
30%
0.01 percent as a fraction in lowest terms is 1/100
4 percent as a fraction in the lowest terms is 1/25
30% is more than 1%.
If you have a 1 percent chance of doing something, and you have 30 tries, your chance of succeeding is 26 percent, or 1 - (1 - .01)30.