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Question 44 2 pts Which of the following is an example of a cash discount to speed collections from customers? Net 45. Customer must pay
Question 44 2 pts Which of the following is an example of a cash discount to speed collections from customers? Net 45. Customer must pay within 45 days of receiving an invoice. Net 90. Customer must secure financing within 90 days of the sale. O Gross 30. Vendor agrees to pay additional vendors 30 days after the end of current month. O 2/10 net 30. If the customer pays within 10 days of the invoice, a 2% discount is given. Question 46 2 pts If an automobile plant has partially finished cars on the assembly line, these would be classified as what kind of inventory? Finished goods Maintenance, repair, and operating O Work in progress Raw materials Question 45 2 pts Just-in-time (JIT) inventory system is used primarily in manufacturing to help reduce costs. What is a Keiretsu? Has nothing to do with JIT Is a Japanese automobile company with high EOQ and low ROP Is a set of companies with interlocking business relationships that helps achieve JIT O Always works and helps increase costs and reduce revenues
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