Question
In credit terms of 1/10, n/30, the 1 represents the a. number of days in the discount period b. full amount of the invoice c.
In credit terms of 1/10, n/30, the "1" represents the
| a. | number of days in the discount period |
| b. | full amount of the invoice |
| c. | number of days when the entire amount is due |
| d. | percent of the cash discount |
Merchandise with a sales price of $500 is sold on account with term 2/10, n/30. The journal entry to record the sale would include a
| a. | debit to Cash for $500 |
| b. | Debit to Sales Discounts for $10 |
| c. | Credit to Sales for $500 |
| d. | Debit to Accounts Receivable for $490 |
If the buyer is to pay the transportation costs of delivering merchandise, delivery terms are stated as
| a. | FOB shipping point |
| b. | FOB destination |
| c. | FOB n/30 |
| d. | FOB buyer |
.If the seller is to pay the transportation costs of delivering merchandise, the delivery terms are stated as
| a. | FOB shipping point |
| b. | FOB destination |
| c. | FOB n/30 |
| d. | FOB seller |
Merchandise with an invoice price of $4,000 is purchased on June 2 subject to terms of 2/10, n/30, FOB destination. Transportation costs paid by the seller totaled $150. What is the cost of the merchandise if paid on June 12, assuming the discount is taken?
| a. | $4,150 |
| b. | $4,070 |
| c. | $4,067 |
| d. | $3,920 |
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The Corporate Ethics Audit As A New Tool For Management By Values Case Betapharm Arzneimittel GmbH Augsburg
Authors: Teresa Beste
1st Edition
3639000234, 978-3639000238
