The terms of an invoice are 3/10, n/25. This means that a ________
A) discount of 10 percent is allowed if the invoice is paid within three days
B) discount of 3 percent is allowed if the invoice is paid within 10 days
C) discount of 25 percent is allowed if the invoice is paid within 10 days
D) discount of 3 percent is allowed if the invoice is paid after 25 days
B
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A corporation is liable for all torts committed by its employees while acting in the course of and within the scope of their employment.
Answer the following statement true (T) or false (F)
The DuPont method return on assets uses two component ratios. What are they?
a. Inventory turnover ? gross profit margin b. Times interest earned ? debt ratio c. Return on equity ? dividend payout d. Net profit margin ? total asset turnover e. Return on investment ? total investment turnover
In what type of purchase would one person most likely assume all or most buying center roles?
What will be an ideal response?
Answer the following statements true (T) or false (F)
The statement of changes in financial position reported on changes in assets, liabilities, and owners’ equity account balances.