Answer:
False
Explanation:
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 tell us that the credit department is functioning efficiently and there are no past due accounts. This is a false statement.
Answer:
a). The amount of the short-term loan=$128,181.82
b). The amount of the long-term loan=$156,666.67
Explanation:
The total annual interest to be paid can be expressed as;
I=PRT
where;
I=annual interest
P=principal amount of the note
T=number of years
a). For the short-term note's case;
I=$14,100
P=unknown
R=11%
T=1 year
replacing;
14,100=P×(11/100)×1
0.11 P=14,100
P=14,100/0.11
P=128,181.82
The amount of the short-term loan=$128,181.82
b). For the long-term note's case;
I=$14,100
P=unknown
R=9%
T=1 year
replacing;
14,100=P×(9/100)×1
14,100=P×0.09
0.09 P=14,100
P=14,100/0.09
P=156,666.67
The amount of the long-term note=$156,666.67
Answer:
Falling demand
Explanation:
Falling demand refers to a situation where the sales volume of a good or service is on a continuous decline compared to the previous seasons. Consumers are no longer finding that particular product or service appealing to buy. Falling or declining is also referred to as faltering demand.
The introduction of a similar product by competitors at a lower price may lead to a decline in demand for the existing goods. Customers will prefer the new cheaper product. As a result, the more expensive and old product will experience falling demand.
Answer:
A) A test with a high cost may also be of high value.
Explanation:
A test's cost add up to the time spent in preparing that test. S much time might have really been spent on it like researching, sitting, time spent, revaluation of the test, as well as other contributions made for the execution of that test. The value of the test can be evaluated to the resources spent for the test. When a test has a high cost, it may also have a high value depending on some variables relating to both the cost of the test as well as its value. Also, every individual's primary objective is usually cost minimization and profit maximization in every thing he does irrespective of type or structure.
