Which of the following is true of these credit terms: 3/15, n/30? a. 15 Percent discount if
Question:
Which of the following is true of these credit terms: 3/15, n/30?
a. 15 Percent discount if the payable is paid within 3 days of the invoice date
b. 3 Percent discount if the payable is paid in the period between 15 days and 30 days after the invoice date
c. 3 Percent discount if the payable is paid within 15 days of the invoice date
d. 30 Percent discount if cash is paid on the sale date and 15% discount if paid 3 days after the invoice date
Step by Step Answer:
c 3 Percent discount if the payable is paid within 15 days of the invoice ...View the full answer
Related Video
Days payable outstanding is an efficiency ratio that measures the average number of days a company takes to pay its suppliers. The video shows how to effectively calculate days Payable outstanding.
Students also viewed these Business questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
1. Hannah is applying for a life policy on her girlfriend Sarahs life. The policy is $500,000 and carries a large premium. Hannah is the main earner, so she is concerned about not being able to pay...
-
1) What is the initial default date for transactions when a company data file is opened? a. The source document date b. The current computer dates c. The date of the last transaction entered d. The...
-
State with reasons, whether the following statements are true or false : (i) Overhauling expenses for the engine of motor car to get better fuel efficiency is revenue expenditure. (ii) Depreciation...
-
Let X and Y be independent random variables where px (k) = e k/k! and pY(k) = e k/k! for k = 0, 1, . . . . Show that the conditional pdf of X given that X + Y = n is binomial with parameters n and /...
-
The City of Allentown recently received a donation of two items: 1. A letter written in 1820 from James Allen, the towns founder, in which he sets forth his plan for the towns development....
-
Two graphs are isomorphic, and the graphs have the same structure. Determine whether each statement is always true, sometimes true, or never true.
-
Homeport uses flexible budgets that are based on the following data: Prepare a flexible selling and administrative expenses budget for March 2013 for sales volumes of $400,000, $600,000, and$800,000....
-
2. [-/1 Points] DETAILS LARCALCET7 2.3.007. Find the limit. lim (x~ + 5x) X 4-5 Need Help? Read It
-
On 30 September 20X0 Gold plc acquired 75% of the equity shares, 30% of the preferred shares and 20% of the bonds in Silver plc and gained control. The balance of retained earnings on 30 September...
-
If you were a credit manager reviewing a potential customers request for a $20,000 line of credit, what would you analyze? Generally, how would the 5Cs of Credit guide your analysis and help lead you...
-
Aspire Excellent Inc. is a book publisher. On March 1, Aspire sells $25,000 of books to Get Your Books Inc. (YBI), a large bookstore chain. The sale is made on account with terms net 60. Aspires...
-
Please watch the following video(s): 1. How to achieve your most ambitious goals: https://www.youtube.com/watch?v=TQMbvJNRpLE 2. Why the secret to success is setting the right goals:...
-
Describe the type of pre-departure training you feel is necessary to ensure the success of those working on these international assignments. What are some of the critical components you will want to...
-
A compound containing only carbon, hydrogen, and oxygen is analyzed using combustion analysis. When 0.501 g of the compound is burned, 1.001 g of carbon dioxide and 0.410 g of water are collected....
-
Shamrock Company uses LIFO and recorded the following information related to its Inventory for the month of July: Units Price Beginning Balance 7/1 700 4.25 Purchase 7/6 600 4.35 Purchase 7/18 850...
-
Preble 1. (13 points) The ACCT 240 Co. had the following financial information for 2022: Average Cash-C Average Current Liabilities $1OK Average Accounts Receivable $10K, Average Inventory - SISK:...
-
Diversification strategies involve a firm stepping beyond its existing industries and entering a new value chain. Generally, related diversification (entering a new industry that has important...
-
What is the primary goal of the corporation?
-
As water moves through the hydrologic cycle, water quality changes are common because of natural phenomena or anthropogenic pollution. Using Figure 11.1, describe how water-quality changes occur...
-
Suppose a nonprofit organization's strategy requires that it phase out a program on which few people rely, but those people are vulnerable and no good substitute exists. How might the organization...
-
Select an organization that you know wellmaybe you work there, have been a volunteer, or just follow it on Twitter. What do you think is the organizations strategy, as that term is discussed in this...
-
Read Lee, C. and Nowell. B. (2015).A Framework for Assessing the Performance of Nonprofit Organizations. Why do the authors suggest that organizational capacity development be included in a...
-
The Nike Corporation produces athletic shoes. Last month, it produced 8,000 pairs of shoes at a total cost of $50,000. When production increased to 10,000 pairs, the total cost rose to $60,000. i)...
-
Question 7 of 2 0 - 1 On January 1 , 2 0 2 4 , Crane Co . issued eight - year bonds with a face value of $ 6 0 3 0 0 0 0 and a stated interest rate of 1 0 % , payable semiannually on June 3 0 and...
-
Uno Company sold office equipment with a cost of $ 3 8 , 0 7 0 and accumulated depreciation of $ 3 4 , 3 7 9 for $ 5 , 3 5 0 . Required What is the book value of the asset at the time of sale? What...
Study smarter with the SolutionInn App