If a company purchases $3,200 worth of inventory with terms of 2/10, n/30 on March 3 and pays April 2, then the amount paid to the seller would be
a. $3,136
b. $3,150
c. $3,168
d. $3,200
d
You might also like to view...
Answer the following statements true (T) or false (F)
1. Evaluated receipts settlement (ERS) compresses the payment approval process into a single step. 2. Evaluated receipts settlement (ERS) is a streamlined process that bypasses paper documents altogether. 3. Electronic data interchange (EDI) allows a retailer's computers to communicate with the computers of suppliers. 4. Cash in the bank is more liquid than a petty cash fund.
Answer the following statements true (T) or false (F)
1. Catastrophic time is one of the estimates used by PERT to estimate the duration of an activity. 2. The pessimistic and optimistic times are asymmetrical around the mean with regard to the distribution of time for the duration of an activity. 3. The AON method is more commonly used than AOA. 4. A useful rule in constructing networks is that an activity cannot begin until all preceding activities have been completed.
Plant assets are long-lived, tangible assets used in the operation of a business
Indicate whether the statement is true or false
Vignana Corporation manufactures and sells hand-painted clay figurines of popular sports heroes. Shown below are some of the costs incurred by Vignana for last year: Cost of clay used in production$65,000Wages paid to the workers who paint the figurines$90,000Wages paid to the sales manager's secretary$22,000Cost of junk mail advertising$47,000 What is the total of the conversion costs above?
A. $155,000 B. $69,000 C. $90,000 D. $65,000