Cash discount is a reduction in total price of goods and services for prompt payment.
Explanation:
It is given to enhance prompt payment and to discourage trade credit.
Let's assume a Company offers some certain percentage of discount for prompt payment. A goods cost #100,000 for instance. And then for payment within 10 days, 20% discount will be given, payment between day 11 to 15 days of purchasing the goods 15% discount and payment within 16 to 20 days attracts 10%. It means any customer who pays within the first 10 days of purchasing the goods get a discount of #20,000 (i.e 20% of #100,000), hence pays #80,000 for the good. A payment within day 11 to 15 of purchase gets 15% discount, so is allowed only #15,000 (i.e 15% of #100,000), so pays #85,000 while payment made within day 16 to 20 of purchase attracts only #10,000 discount (i.e 10% of #100,000), so he pays only #90,000. No discount will be given to payment made above 20 days of purchase and the full #100,000 will be paid.
Cash discount is also called Early payment discount
Answer:
Products D and E should be processed further while product F should be sold at the split off point
Explanation:
Product D E F
$ $ $
Sales at the split off point 10.30 11.40 19.80
Sales after split off point <u>14.90 15.80 22.20</u>
Additional sales per unit 4.6 4.4 2.4
Units sold(units) <u> ×4540 × 6,410 ×1750
</u>
Additional sales revenue 20,884 28204 4200
Further processing cost <u>(14,824)</u> <u>(20,554)</u> <u> (7,520)</u>
Incremental income or (loss) <u>6,060 </u> <u> 7,650</u> <u> (3320
)</u>
Products D and E should be processed further while product F should be sold at the split off point
What is your question asking?
Human resource management refers to the activities related to planning for, attracting, developing and retaining an effective workforce.
What are Human Resources?
Human Resources refers to the total sum of people that an organization will require in order to execute and attain it business strategies and objectives.
The Human Resources requirement for every organization is unique, but the principles of managing them are the same.
Human resource management (HRM) is the process of employing people, training them, compensating them, developing policies relating to them, and developing strategies to retain them. As a field, HRM has undergone many changes over the last twenty years, giving it an even more important role in today’s organizations. In the past, HRM meant processing payroll, sending birthday gifts to employees, arranging company outings, and making sure forms were filled out correctly—in other words, more of an administrative role rather than a strategic role crucial to the success of the organization.
Learn more about Human resource management :
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