The definition of the credit terms of 2/eom, n/60 is:
a. 2% discount if paid within 60 days after the end of the month.
b. 2% discount if paid within 60 days.
c. 2% discount if paid before the end of the month.
d. 2% discount if paid at the time of purchase.
c
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Steven owes Theresa $100 for a used computer which he bought last year at Theresa's garage sale. The two agree that the debt can be paid by Steven's shoveling Theresa's driveway from January through March. The new contract is a(n):
a. accord. b. satisfaction. c. novation. d. rescission.
A firm that makes electronic circuits has been ordering a certain raw material 250 ounces at a time. The firm estimates that carrying cost is I = 30% per year, and that ordering cost is about $20 per order
The current price of the ingredient is $200 per ounce. The assumptions of the basic EOQ model are thought to apply. For what value of annual demand is their action optimal?
Productive interdependencies hinge upon:
A) The project manager's role as the hub of the team with all team members as spokes. B) The degree of knowledge the team members have and the importance they attach to interrelatedness of efforts. C) The cohesiveness of the project team's supply chain and the degree of assistance they render the project team. D) The support the key stakeholders offer to the overall project success.
The United States goes through a period of recession because of the continuous decrease in the nation's gross domestic product. The Fed intervenes and improves the situation by reducing the discount rate. This move by the Fed will result in:
A. banks obtaining funds at a lower cost. B. a rise in the interest rates of bank loans. C. individuals getting discouraged to borrow money and spend it. D. a drop in the availability of loans to consumers.