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Solnce55 [7]
3 years ago
7

If a firm sells on terms of 2/10 net 30 days, and its DSO is 28 days, then the fact that the 28-day DSO is less than the 30-day

credit period tells us that the credit department is functioning efficiently and there are no past-due accounts.
a) true
b) false
Business
1 answer:
GalinKa [24]3 years ago
7 0

Answer:

a) true

Explanation:

2/10 net 30 means that if the costumer pays within 10 days, he will be offered 2% discount, otherwise the amount is due in 30 days in full.

DSO means average number of days the company takes to receive payment from customers of credit sales.

Since the DSO of a firm given is 28 days, which is lower than the 30 days credit period normally offered by the company, therefore it may indicate that the firm's credit department is operating effectively.

Hence, answer is a) true

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Calculate the future value of an investment of $463 for 10 years earning an interest of 9%? (Round your answers to 2 decimal pla
Anon25 [30]

Answer:

$1,096.09

Explanation:

The computation of the future value by using the following formula is shown below:

As we know that

Future value = Present value × (1 + interest rate)^number of years  

= $463 × (1 + 0.09)^10

= $463 × 2.367363675

= $1,096.09

We simply applied the above formula so that the future value could arrive and the same is to be considered

7 0
3 years ago
Some people include a letter of last instruction in their estate planning. What is likely TRUE about this letter?
iVinArrow [24]

Answer:

C

Explanation:

A Letter of Last Instruction (LOLI) serves to give family important information such as where the person wants to be buried, instructions for any pets, or location of important legal documents.  

Side note: this is not a will, and should not be used as a substitution for one. A will is a legal document, a LOLI is not.

Hope this helps! Let me know if you have any further questions about my response.

3 0
3 years ago
look-alike tasteeos sell for far less than the market-leading cheerios brand. which market follower strategy is being employed b
Taya2010 [7]

Look-alike Tasteeos sell for less price than the market-leading Cheerios brand. Cereal manufacturer has employed a cloner marketing strategy.

Cloner marketing strategy refers to creating a product by copying features of an already existing brand product. A manufacturer might copy the same features of distribution, production, labeling, ingredients, advertisement, and looks but the quality will differ from the leading brand.

Cloner is a parasitic marketing strategy that thrives on the investment of the major brand that another firm is copying to sell its products. To escape the copyright issue, these cloner firms make sure the name of the product is slightly different from that of the major brand.

Learn more about marketing strategy here brainly.com/question/25492268

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8 0
1 year ago
It is advisable to spend less money on wants than you do on needs.true or false
aev [14]
True, you don’t want to spend more money on wants instead of needs because if you do you won’t have enough money for things that you really need.
5 0
3 years ago
Read 2 more answers
Once a trial balance has been prepared, the next step of the accounting cycle involves: a. Classifying the transactions into log
Mice21 [21]

Answer:

The correct answer is letter "B": Preparing financial statements such as the balance sheet, income statement, and statement of cash flows.

Explanation:

A trial balance is a worksheet listing the debit and credit balances of all the ledger accounts for an entity. Under accounting theory, the total of all the debits must equal the total of all the credits. Since the trial balance is a list of all the accounts it serves as an accuracy check before the company prepares the financial statements including the <em>Balance sheet, Income </em>and <em>Cash Flows Statements</em>.

3 0
3 years ago
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