Sellers of merchandise offer sales discount or cash discounts in order to

a. provide an interest allowance on funds paid before the payment is due.
b. induce prompt payment so that it can reduce bookkeeping costs.
c. induce prompt payment so that it can reduce collection costs.
d. all of the above.
e. none of the above.


E

Business

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A corporation probably does not know who owns its coupon bonds

Indicate whether the statement is true or false

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What will be an ideal response?

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Answer the following statement true (T) or false (F)

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