The terms of an invoice are 3/10, n/25 this means that a <u>discount of 3% is allowed if the invoice is paid within 10 days</u> of the invoice date.
3/10, n/25 this means that a 10% cash discount is available if the invoice is paid within 10 days, pay the net price if covered within 25 days of the invoice date. Discounts are reductions of the normal fee of a product or service with the purpose to obtain or growing income.
Trade discount refers to the deduction given by using the supplier to the purchaser within the catalog price of the goods. Cash discount implies the allowance granted to the clients by means of the supplier on the billing fee, for immediate payment.
A cash discount also referred to as a purchase cut price or income discount, is a reduction in the purchase fee of an excellent because of an early cash charge. In different words, the seller of products is inclined to lessen the fee of the goods if the purchaser is inclined to pay for the coolest in advance.
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<span>If
bond interest expense is $800,000, bond interest payable increased by
$8,000 and bond discount decreased by $2,000, how much cash was paid for
bond interest? = </span>$806,000
Answer:
B. Perpetuating the status quo
Explanation:
The status quo is the current state of affairs. The manager preferred to safely quote the previous sales as future estimate. The previous sales in this case represents the status quo.
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Answer:
OPERATIONAL DEFINITION
Explanation:
OPERATIONAL DEFINITION
It is referred to as part of any analysis. At the time of data collection, it provides a very crystal clear definition of the process of collecting data. It strengthened decision making process on validation of any data whether the data is correct or not. This is important because data that is not suited to the analysis can lead to error in result.
