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2 years ago

_____ are specific repayment conditions as to how long customers have to pay bills and the amount of cash discount allowed.

1 answer:

7 0

Credit terms are specific repayment conditions as to how long customers have to pay bills and the amount of cash discount allowed.

<h3>What is the purpose of credit terms?</h3>

Credit terms are the payment requirements stated on an invoice. It is fairly common for sellers to offer early payment terms to their customers in order to accelerate the flow of inbound cash.

Credit means a loan, an agreement in which the lender (creditor) supplies the borrower with money, goods or services which is to be returned in future. Terms of credit apart from the rate of interest, collateral also includes documentation, mode of repayment.

To learn more about credit terms visit the link

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Sonya is considering launching a daycare center in her community and uses information from the U.S. Census Bureau to determine t

Angelina_Jolie [31]

Answer: Secondary research

Explanation: In simple words, secondary research refers to analyzing an existing research done by some other party for the benefit of oneself.

In the given case, Sonya is planning to start a day center and for the objective of analyzing the market and the potential customers she used the data from the research that is conducted by the US census bureau.

Hence from the above we can conclude that Sonya is using secondary research.

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3 years ago

A 10% increase in cigarette prices has been found to result in a _____ decrease of smokers.

Reil [10]

<span>The correct answer is B - a 10% increase in cigarette prices has been found to result in a 4% decrease in smokers. This is just the figure for the overall nation though, for young people the figure is higher, and for children higher still.</span>

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3 years ago

Read 2 more answers

g Salmont Corporation uses the FIFO method in its process costing system. The company reported 28,000 equivalent units of produc

aliina [53]

Answer:

25,150 units

Explanation:

The question is to determine the number of production units that were started during the month.

Note that the company uses the First In First Out method for Process costing

<u>Description Units in Process</u> <u>completion (%)</u> Equivalent

<u>completed (units) </u>

The Equivalent Units 28,000 100 28,000

Subtract:

Opening Work-in- progress 7,500 60 4,500

Closing Work in Progress 5,500 70 3,850

Equivalent Units Started and Completed 19,650

Step 2: Equivalent Units Started

= Eqivalent Units started and completed + Total Ending Units

= 19,650 + 5,500 = 25,150 units

5 0

3 years ago

Sweden has real GDP per capita of $50,000, while Chile has real GDP per capita of $25,000. If real GDP per capita in Sweden grow

Katyanochek1 [597]

Answer:

option (B) 35 years

Explanation:

Given:

Real per capita GDP of Sweden = $50,000

Real per capita GDP of Chile = $25,000

Growth rate of Sweden = 2%

Growth rate of Chile = 4%

As per the Rule of 70, the economy's GDP doubles in $\frac{\textup{70}}{\textup{Growth rate}}$

Therefore,

The GDP of Sweden will double in = $\frac{\textup{70}}{\textup{2}}$ = 35 years

and,

Chile will double in $\frac{\textup{70}}{\textup{4}}$ = 17.5 years

Therefore,

in 35 years the GDP of Sweden will be $100,000

and,

In 35 years the GDP of Chile will also be ($50,000 in 17.5 years and $100,000 in next 17.5 years) = $100,000

Therefore,

The real GDP per capita in the two nations to converge in 35 years

Hence,

The correct answer is option (B) 35 years

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2 years ago

The average test score of rsm students in september increased by 10%. in october it increased by another 15%. by what percent di

tia_tia [17]

If the average test score of RSM students in the month of September is increased by 10 percent and on the next month another 15 percent. The total percentage of the average score on the test increase during the two months time is around 3.77 percent.

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3 years ago