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BigorU [14]
3 years ago
12

What does​ "2/10" mean, with respect to​ "credit terms of​ 2/10, n/30"?

Business
1 answer:
ANEK [815]3 years ago
3 0

a.  a discount of 2 percent will be allowed if the invoice is paid within 10 days of the invoice date.

So for example if the bill is $100 "2/10 net 30" and you pay within 10 days, you get a 20 cent discount and the balance is $9.80. If you pay in 30 days, the full 10 dollars is due.

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An owner decides to sell his property and discovers that there is a lien on his title for a swimming pool he paid off 10 years a
zepelin [54]
<span>For the answer to the question above, before you can place a lien on a business property, you must first have a court order -- a judgment -- directing the debtor to pay what is owed. After filing a claim with the court and submitting proof of the amounts owed to you, the business must answer and explain why the debt is not owed. The court will grant your request if there is no evidence to show that the debtor does not owe the amounts in question and enter a judgment in your favor.</span>
8 0
3 years ago
Creative Sound Systems sold investments, land, and its own common stock for $32.0 million, $15.2 million, and $40.4 million, res
cupoosta [38]

Answer:

Net cash flow from investing activities is $47.2 million -$58.6 million =-11.4 million.

Explanation:

Draft Cashflow Statement.

Operating Activities; $0.0 million

Investing Activties;

Cash Inflows;

Sales of ; investment $32.0 million,plus sales of Land $15.2 million =$47.2 million.

Cash outflows; Purchase of ; treasury stock -$21.2, plus equipment -$25.2 million, plus patent -$12.2 million =-$58.6 million

Net cash flow from investing activities is $47.2 million less $58.6 million=-11.4 million.

Financing Activities;

Issues of common stock $40.4

Note that sales of own common stock is a financing activity

4 0
3 years ago
In capitalism what is pure competition?
inysia [295]

Answer:

Pure or perfect competition is a theoretical market structure in which the following criteria are met: All firms sell an identical product (the product is a "commodity" or "homogeneous"). All firms are price takers (they cannot influence the market price of their product). Market share has no influence on prices.

5 0
2 years ago
Assess how Wal-Mart is managing ethics and social responsability as one of thé largest corporations in the world
timofeeve [1]

Answer:

Wal-Mart has taken revolutionary steps over the years to start econ friendly activities to promote ethics and social responsibility.

Explanation:

Wal-Mart began to take initiatives to address global impacts and embraced a sustainability program. It concentrated on redoing everything, and the main centre was to be Eco-friendly. There were original and inventive techniques received by the organisation, including building a solar panel to the stores. There was likewise establishment of innovations to use less fuel and electricity.

6 0
3 years ago
An example of communicating category membership by relying on the product descriptor is ford's positioning of its freestyle auto
hoa [83]
That statement Is true

In marketing, product descriptor refers to a structured format that displayed some information about a specific product.
In this case, ford tried to create a unique product descriptor such as "sports wagon" to tell its consumers that their product has the characteristic of a sport and a wagon
7 0
3 years ago
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