Which sales terms indicate a 5% discount if paid within 15 days?

The correct answer indicates specific sales terms that provide a discount for early payment. The terms "5/15, n30" clearly state that a 5% discount is available if the payment is made within 15 days. The "n30" part indicates that the net amount is due in 30 days, meaning that if the customer does not take advantage of the discount, they have a full 30 days to pay the invoice without penalty.

Understanding sales terms like these is crucial in accounting because they affect cash flow and financial decision-making for both buyers and sellers. A discount for early payment is an incentive for customers to settle their accounts quicker, which can improve the seller's cash flow and reduce outstanding receivables.

In contrast, the other options do not offer a 5% discount within a 15-day period. For example, "2/10, n30" offers a 2% discount for payment within 10 days, and "3/15, n30" provides a 3% discount for payment within 15 days. Similarly, "1/10, n30" specifies a 1% discount for payment within 10 days. Recognizing these different terms helps businesses strategize their financial interactions.