Dennis has made a purchase of $50,000 using trade credit with terms of 2/10 net 30. How much discount will a he receive if the buyer pays the bill on the net due date?
A. $0
B. $500
C. $1200
D. $3,000
Answer: A
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In preparing consolidated financial statements, all of the following commonly require elimination entries except a(n)
a. intercompany loan. b. purchase from a nonaffiliated. c. intercompany sale. d. intercompany investment.
If the economic order quantity is to be calculated in DOLLARS, then:
A) carrying costs are stated in dollars per unit. B) ordering costs MUST be stated on a per UNIT basis. C) the annual demand must be stated in dollars. D) All of the above are true. E) None of the above is true.
The price of ABC stock is currently $42 per share, but in six months you expect it to rise to $50. ABC does not pay a dividend. You buy a six-month call on ABC, with a strike price of $45. The option cost $200
What holding period return do you expect on this call? Ignore transaction costs and taxes. A) 150% B) 200% C) 250% D) 300%
Which of the following is classified as a nondepository institution?
A) Credit union B) Insurance company C) Commercial bank D) Savings institution