Which of the following credit terms allows a discount of 4% if payment is made within 20 days of the invoice; otherwise, the total amount of the invoice must be paid within 30 days from the date of the invoice?
A) 4/20, EOM
B) 4/EOM, n/30
C) 4/20, n/30
D) 20/4, n/30
C) 4/20, n/30
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Field service organizations are limited service suppliers that specialize in interviewing or specialize in collecting data through the mail or though personal or telephone interviewing
Indicate whether the statement is true or false
Which of the following is a business event that is not considered a recordable transaction?
A) A company receives a product previously ordered. B) A company pays an employee for work performed. C) A customer inquires about the availability of a service. D) A customer purchases a service.
The par value of common stock represents the
a. liquidation value of the stock. b. book value of the stock. c. amount received by the corporation when the stock was originally issued. d. legal nominal value assigned to the stock.
Jacob sat down with his supervisor at the beginning of the quarter and set a goal to reduce defects on the assembly line from 5% to 2%. If he achieves this goal by the end of the quarter, he will receive a ________ of $4,000.
A. bonus B. commissions C. merit pay D. piecework E. exit pay