Listed below are some common terms of sale. Can you explain what each means? a. 2/30, net

Question:

Listed below are some common terms of sale. Can you explain what each means?
a. 2/30, net 60.
b. 2/5, EOM, net 30.
c. COD.

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

Step by Step Answer:

Related Book For book-img-for-question

Principles of Corporate Finance

ISBN: 978-0077404895

10th Edition

Authors: Richard A. Brealey, Stewart C. Myers, Franklin Allen

See More Books

Question Posted: Dec 31, 2012 09:54 AM

See More Questions

Listed below are some financial statement classifications coded with letters and, below them, selected transactions and/ or account titles. Code Financial Statement Classification Statement of...
Listed below are some items found in the financial statements of Alex Greenspan Co. Indicate in which financial statement(s) the following items would appear. (a) Service revenue. (b) Equipment. (c)...
Listed below are some items found in the financial statements of Tony Gruber Co. Indicate in which financial statement(s) the following items would appear. (a) Service revenue. (b) Equipment. (c)...
Head movement evaluations are important because disabled individuals may be able to operate communications aids using head motion. The paper Constancy of Head Turning Recorded in Healthy Young Humans...
An item is to be constructed by laying two components end to end. The length of each component will be measured. a. If the uncertainty in measuring the length of each component is 0.1 mm, what is the...
Imagine that you are holding 5,000 shares of stock, currently selling at $40 per share. You are ready to sell the shares but would prefer to put off the sale until next year for tax reasons. If you...
In contract costing payment of cash to the contractor is made on the basis of certified work.
The American Express Company is a major financial services company, noted for its American Express card. Below are some of the performance measures used by the company in its balanced scorecard....
Waupaca Company establishes a $420 petty cash fund on September 9. On September 30, the fund shows $124 in cash along with receipts for the following expenditures: transportation costs of merchandise...
A division of your company purchased a large quantity of new desktop computers during the current fiscal year. An internal audit manager has asked you to audit the process used to acquire the...
Complete the passage below by selecting the most appropriate terms from the following list: floating charge, syndicated, commercial paper, warehouse receipt, arranger, collateral, commitment fee,...
Some of the items in Problem 17 involve a cash discount. For each of these, calculate the rate of interest paid by customers who pay on the due date instead of taking the cash discount. a. 2/30, net...
Microsoft Project is an example of software that is very powerful, but quite expensive. As a project manager, how would you justify the purchase of this software? Also, would you consider using Open...
Write out the form of the partial fraction decomposition of the function (see example). Do not determine the numerical values of the coefficients. x3 (a) x + 7x+6 9x+1 (b) (x + 1)3(x + 2) Submit...
You desire to make an 80% by weight vinyl acetate to 20% by weight styrene copolymer via free radical, emulsion polymerization. The r 1 and r 2 values for these monomers are 0.01 and 55,...
Q1)In a wheel and axle machine the diameters of the wheel and the axle are 450mm and 60mm respectively.The efficiency is 97%(0.97 per unit).When a body having a mass of 40kg is being lifted.Determine...
Smith & Chief Ltd. of Sydney, Australia, is a merchandising firm that is the sole distributor of a product that is increasing in popularity among Australian consumers. The company's income statements...
C. In lab, you measure the x & y components of a possible incompressible flow field as u = 2cxy; and where cand a are constants. v = c(a + x - y) 5. (04 pts) Short answer, what is necessary for the...
What are direct materials, direct labour and overhead? LO1.
Question 6.10 Current and deferred tax worksheets and tax entries From the hip Ltd?s statement of profit or loss for the year ended 30 June 2007 and extracts from its statements of financial position...
The Brain Surgeons Brotherhood faces an own-wage elasticity of demand for their labor that equals -0.1. The Dog Catchers International faces an own-wage elasticity of demand for their labor that...
Look at the example in Section 24.4 of the Treasury bill and the medium- and long-term bonds. Now assume that the price of the medium-term bond can either fall by $10.75 or rise by $14.0. What can...
Explain carefully what factors determine the yield on corporate bonds.
Companies sometimes issue floating-rate bonds. In this case the interest rate might be set at (say) 1 percent above the Treasury bill rate. Would you expect the price of a companys floating-rate...
you are analyzing the cost of debt for a firm. Do you know that the firms 14 year maturity, 7.8 Percent coupon bonds are selling at a price of $834. The Barnes pay interest semi annually. If these...
***Please answer the following using excel and showcasing the formulas/calculations used*** thank you so much Financial information on AAA Ltd. is shown below. AAA Ltd. Income Statement For the Year...
2. In an account Anh Paglinawan currently has $216,670.00. At a rate of 8.00% how long will it take for them to have $298,390.00 assuming semi-annually compounding? (Hint: compute the exact years, do...

Listed below are some common terms of sale. Can you explain what each means? a. 2/30, net

Question:

Step by Step Answer:

a There is a 2 discount if the bill is paid within 30 days of the invoice ...View the full answer

Principles of Corporate Finance

Students also viewed these Corporate Finance questions