1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sophie [7]
3 years ago
10

If a company is given credit terms of 2/10, n/30, it should________.

Business
1 answer:
diamong [38]3 years ago
6 0

Answer:

(A) pay within the discount period and recognize a savings.

Explanation:

The given credit terms of 2/10, n/30 means

If the payment is paid within 10 days so 2% discount is given and the total credit period given is 30 days

Suppose we take an example

A buys the merchandise of goods from B for $10,000 on April 1. The payment is doe by A on April 7

So, the net payment is

= $10,000 - $10,000 × 2%

= $10,000 - $200

= $9,800

The $200 shows the discount which A avails and termed as a savings

You might be interested in
In a Team environment, a Coordinator is?
ValentinkaMS [17]
Yes the answer is ymb=x your welcome
8 0
3 years ago
Monty loaned his friend Ned $24,000 three years ago. Ned signed a note and made payments on the loan. Last year, when the remain
Airida [17]

Answer:

Short term capital loss and $10,800

Explanation:

Remaining balance - Capital gains

$18,000 - $7,200 = $10,800

Monty can report the bad debt of $18,000 as short term capital loss since it is expense for the business and receivables are not recoverable. This amount can be reported as loss of the business.

5 0
2 years ago
Pennsylvania Company supplied the following information:
V125BC [204]

Answer:

$12,620

Explanation:

Cost of Direct materials of Job 99 = $70 x 100 = $7,000

Cost of Direct labour of Job 99 = $5 x 100 = $5,000

Overhead Expenses of Job 99 = $62 x 10 = $620

Total job cost for Job 99 = 7000 + 5000 +620 = $12,620

6 0
3 years ago
It is likely that John chooses this oil company because of their ___ services
Shtirlitz [24]

it is likely that John chooses this oil company because of their good services

4 0
2 years ago
Read 2 more answers
The president of a software firm has chosen to implement a differentiation strategy, offering his product in a Software as a Ser
Sunny_sXe [5.5K]

Answer:

d. A 24/7 technical support hotline with a team that is knowledgeable about the product and business goals of the company's customers.

Explanation:

The other software companies are already selling their product as a one off sale at retail stores. The president of the software company wants to sell his product as SaaS (software as a service) where customers will pay monthly subscription.

Customers are going to be paying more to use his product so he needs to get a competitive edge and give value that his competitors are not delivering to the customer.

Setting up a 24/7 customer support line with a team that can help the customer meet their business goals will give his product an edge.

4 0
3 years ago
Other questions:
  • As a manager at carrel corp., derek spends much of his time coaching young managers and making sure that any required informatio
    8·1 answer
  • In the context of trend analysis, what is base amount?
    5·2 answers
  • Which type of portfolio might a young investor who is not afraid of risk choose?
    11·1 answer
  • Consider their resources, trade agreements, social structures, and overall business environments. Briefly explain why each of th
    5·1 answer
  • Which of the following statements is most likely true of market follower strategies? market followers have the resources to expa
    15·1 answer
  • Assume the United States can use a given amount of its resources to produce either 20 airplanes or 8 automobiles and Japan can e
    6·2 answers
  • Metropolitan Power and Light is a monopoly in the electrical generation and distribution industry. Since it does not face any co
    13·1 answer
  • On January 1, year 8, Crimson Corp., a closely held corporation, issued 5% bonds with a maturity value of $90,000, together with
    5·1 answer
  • Assume BarnesandNoble.com has 289 business math texts in inventory. During one month, the online bookstore ordered and received
    10·1 answer
  • If Anna buys a car for $18,000 with a down payment of $2,000 and is given a 3-year loan with an APR of 5 percent and monthly pay
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!