20. At the beginning of the s the year were $31nd te the hees- on of $527, The hat is the anticipeted on telnce e price so ny peyent of princi or inr hrs or 5451 b. 5347 e. $558 d. $769 e. 5693 Chapter 20: Inventory mansgement : Assume you put your purchases on your credit card and then take advantage of ny esh discounts of these credit terms do yee prefer? a. 1/10, net 20 b. 2/5, net 30 e. 2/10, net 30 d. 1/15, net 45 e. 2/15, net 30 22. A conditional sales contract a. passes title to the goods sold to the buyer at the time the contract is signed b. normally calls for one lump sum payment on th C. allows the seller to retain ownership of the goods sold until the customer has fully paid for the purchase. d. is payable immediately upon receipt. e. is a formal bid for a project ayment date 23. When evaluating the creditworthiness ofa customer, the term capital refers to the: a. type of goods the customer wishes to obtain. b. customer's financial reserves. c. types of assets the customer wants to pledge as collateral. d. customer's willingness to pay bills in a timely fashion. e. nature of the customer's line of work. 24, You are an accounting intern and today you are compiling a spreadsheet with column headings of: Invoice number; Customer number; 90 days. You will list every unpaid invoice with the amount owed entered into the appropriate column based on the number of days between the sale date and today. Once you have completed that, you will sort the report by customer number and total the amounts listed in each column. What is this report called? a. Credit report b.Aging schedule c. Risk assessment report d.Turnover delineation e. Receivables consolidation report 20. At the beginning of the s the year were $31nd te the hees- on of $527, The hat is the anticipeted on telnce e price so ny peyent of princi or inr hrs or 5451 b. 5347 e. $558 d. $769 e. 5693 Chapter 20: Inventory mansgement : Assume you put your purchases on your credit card and then take advantage of ny esh discounts of these credit terms do yee prefer? a. 1/10, net 20 b. 2/5, net 30 e. 2/10, net 30 d. 1/15, net 45 e. 2/15, net 30 22. A conditional sales contract a. passes title to the goods sold to the buyer at the time the contract is signed b. normally calls for one lump sum payment on th C. allows the seller to retain ownership of the goods sold until the customer has fully paid for the purchase. d. is payable immediately upon receipt. e. is a formal bid for a project ayment date 23. When evaluating the creditworthiness ofa customer, the term capital refers to the: a. type of goods the customer wishes to obtain. b. customer's financial reserves. c. types of assets the customer wants to pledge as collateral. d. customer's willingness to pay bills in a timely fashion. e. nature of the customer's line of work. 24, You are an accounting intern and today you are compiling a spreadsheet with column headings of: Invoice number; Customer number; 90 days. You will list every unpaid invoice with the amount owed entered into the appropriate column based on the number of days between the sale date and today. Once you have completed that, you will sort the report by customer number and total the amounts listed in each column. What is this report called? a. Credit report b.Aging schedule c. Risk assessment report d.Turnover delineation e. Receivables consolidation report
