Explain the terms of a purchase described as 2/15, n/30. Would you take advantage of this offer?

Question:

Explain the terms of a purchase described as 2/15, n/30. Would you take advantage of this offer? Why or why not?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting: A Business Process Approach

ISBN: 978-0136115274

3rd edition

Authors: Jane L. Reimers

See More Books

Question Posted: Sep 01, 2014 12:34 PM

See More Questions

Why must the terms of a contract be sufficiently definite before a court will enforce the contract?
The FASB ASC indicates that the terms of a gas-balancing arrangement should be analyzed to determine whether they meet the definition of a derivative instrument. Search the FASB ASC to find the...
If you were a small-business owner, would you take advantage of any of Chases or another banks small-business banking services? Why or why not? Can you think of any additional financial or banking...
Consider the frequency demodulation scheme in Figure in which the incoming FM signal s (t) is passed through a delay line that produces a phase-shift of ?/2 radians at the carrier frequency ? c . The...
Find the directional derivative of V = rz2 cos along the direction A= 2 - and evaluate it at (1, / 2, 2).
Once invested IN a corporation, shareholders want their money out - they want a return on investment! John owns 2 5 % of REFUND CORP INC, which paid out a $ 5 0 , 0 0 0 distribution to him on 1 2 / 3...
4. Estimate a GARCH(1,1) for the S&P 500 index, using data from January 1999 to December 2003.
Let us consider again the investment data from Hauck Financial Services used in Section 10.4 to illustrate the Markowitz portfolio model. The data follows, along with the return of the S&P 500 Index....
Your client repoarts a long term investment in another company; your client owns 80% of the voting shares and has significant influence and control over daily operations and management and its...
Background: A new ownership group has recently purchased ABC Liquors. You have been hired by the new management team to analyze their sales data for the past year and provide them with insights about...
What is the difference between a purchase return and a purchase allowance? What is the effect of purchase returns and allowances on the overall cost of inventory to the buyer?
What is the difference between a periodic and perpetual inventory system?
Following is information about the common equity of Funtastic Furniture Company: Current selling price ............. $68.00 Constant growth rate ............ 8.0% Most recently paid dividend, D0...
Determine dy/dr when 3x+4y = 3.
Problem 3. Doping a Semiconductor The following chemical scheme is used to introduce P-atoms as a dopant into a semiconductor - a silicon chip. POCI3 Cl POCI 3 vapor P P SiO2 + P(s) CVD coating Si...
The system shown in the following figure is in static equilibrium and the angle is equal to 34 degrees. Given that the mass1 is 8 kg and the coefficient of static friction between mass1 and the...
Pre-Writing step for a report for your boss on Richard Hackman's statement that using a team to complete a complex project may not be the best approach. Review your classmates' contributions to the...
For the graph of the equation x = y - 9, answer the following questions: the x- intercepts are x = Note: If there is more than one answer enter them separated by commas. the y-intercepts are y= Note:...
Supply and Demand. Which of the three major theoretical approaches seems to put the most weight into arguments on the supply and demand for currency? What is its primary weakness?
Which provision could best be justified as encouraging small business? a. Ordinary loss allowed on $ 1244 stuck. b. Percentage depletion. c. Domestic production activates deductions. d. Interest...
Let $\left\{f_{n}(x)ight\}_{n=1}^{\infty}$ be a sequence of real functions defined by $f_{n}(x)=\frac{1}{2} n \delta\{x ;(n-$ $\left.\left.n^{-1}, n+n^{-1}ight)ight\}$ for all \(n \in...
Scratch Miniature Golf and Driving Range Inc. was opened on March 1 by Scott Verplank. The following selected events and transactions occurred during March. Mar. 1 Invested $50,000 cash in the...
When the accounts of Daniel Barenboim Inc. are examined, the adjusting data listed below are uncovered on December 31, the end of an annual fiscal period. 1. The prepaid insurance account shows a...
When the accounts of Daniel Barenboim Inc. are examined, the adjusting data listed below are uncovered on December 31, the end of an annual fiscal period. 1. The prepaid insurance account shows a...
Question Menu_6325e826621b6.pngThree Friends Heidi , Matt and Asif went to the restaurant to have the dinner. Heidi had soup of the day for entre, Roasted Free range, corn fed Chicken for main course...
Question 4 [45 points] Velor Inc. has the following purchases and sales during the year ended December 31, 2014 Inventory and Purchases Sales January 1:200 units @ $105/unit February 22: 200 units...
10 3.2. Buncombe Company manufactures sails for sailboats. The company has the capacity to produce 2,500 sails per year, but is currently producing and selling 2,000 sails per year. The following...

Explain the terms of a purchase described as 2/15, n/30. Would you take advantage of this offer?

Question:

Step by Step Answer:

215 n30 means that the purchasing company will recei...View the full answer

Financial Accounting: A Business Process Approach

Students also viewed these Accounting questions