Credit terms of 2/10, n/30 imply that the seller offers the purchaser a 2% cash discount if the amount is paid within 10 days of the invoice date. Otherwise, the full amount is due in 30 days.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Randall Ringer and Michael Thibodeau see narrative branding as based on deep metaphors that connect to people's memories, associations, and stories. Briefly describe their framework for a brand story
What will be an ideal response?
Bernstein Inc Bernstein Inc is a local retailer. The following selected information is available from their 2011 and 2012 financial statements: Accounts receivable at 12/31/11 $ 160,000 Accounts receivable at 12/31/12 240,000 Inventory at 12/31/11 300,000 Inventory at 12/31/12 360,000 Net credit sales for 2012 3,400,000 Cost of goods sold for 2012 1,980,000 Net income for 2012 1,000,000 Refer to
the Bernstein Inc information above. What was Bernstein's number of days sales in receivables for 2012? (round to two decimal places) A) 21.47 days B) 42.94 days C) 73.00 days D) 146.00 days
A quiet customer who finds conflict so distasteful that he or she will do anything to avoid it is referred to as a(n)
A. accumulator. B. thinker. C. runner. D. busy bee.
Coupling is the extent of dependency among components of a system
Indicate whether the statement is true or false