Which of the following credit terms allows a discount of 1% if payment is made within 10 days from the date of the invoice; otherwise, the total amount of the invoice must be paid within 30 days from its date?
a. 1/10, EOM; b. 1/30, EOM; c. 10/1, EOM; d. 10/1, n/30; e. 1/10, n/30
E
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The Comfort Foam Products Company completed the flexible budget analysis for the second quarter, which is given below.
Which of the following would be a correct factor to explain the sales volume variance for variable costs?
A) decrease in sales price per unit
B) increase in variable cost per unit
C) increase in sales volume
D) increase in fixed costs
An obligor may assert rights of setoff arising out of entirely separate matters that he might have against the assignor, as long as the matters arose before he had notice of the assignment
a. True b. False Indicate whether the statement is true or false
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What will be an ideal response?