Credit terms of 2/10, net 30 have a lower effective cost than credit terms of 2/10, net 60 because in
the first case the loan will be repaid sooner.
Indicate whether the statement is true or false
FALSE
You might also like to view...
All else being equal, which of the following would cause the total contribution margin to increase?
A) A decrease in variable costs per unit. B) An increase in sales volume. C) A decrease in fixed costs per unit. D) An increase in the sales price per unit.
A company had net income of $43,000, net sales of $380,500, and average total assets of $220,000. Its profit margin and total asset turnover were, respectively:
A. 11.3%; 19.5. B. 1.7%; 11.3. C. 1.7%; 19.5. D. 19.5%; 11.3. E. 11.3%; 1.73.
Use the following information to calculate cash paid for wages and salaries: Salaries expense$176,000?Salaries payable, January 1 7200?Salaries payable, December 31 12,200?
A. $181,000. B. $183,200. C. $163,800. D. $176,000. E. $171,000.
If an investor is speculating with a long call position, what is the most likely preference of the investor, relative to a change in rho?
A) Decrease B) Increase C) Stay constant D) Indifferent