1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
rodikova [14]
3 years ago
7

Credit terms are terms for a.when payments for merchandise are to be made with cash. b.when the payments for merchandise are to

be made. c.when the returns of merchandise are to be made. d.when inventory is purchased.
Business
1 answer:
tatiyna3 years ago
8 0

Answer: b.when the payments for merchandise are to be made.

Explanation:

Credit terms refers to the payment terms which are mentioned on the invoice when a good is bought.

Credit terms are terms for when payments for merchandise are to be made. Credit Terms are made during sales on account. The credit term shows the discount rate tahts offered to the costumer and the time limit that the creditor is expected to pay.

You might be interested in
A company had beginning inventory of 11 units at a cost of $17 each on March 1. On March 2, it purchased 11 units at $28 each. O
aliina [53]

Answer:

$583

Explanation:

Under the FIFO method, we considered the first unit first comes out

The computation of the cost of units sold for 26 units is shown below:

The 26 units are taken from

11 units at $17 each, 11 units at $28 each and the remaining 4 units i.e 26 units - 22 units taken at $22 each

So,

= 11 units × $17 + 11 units × $28 + 4 units × $22

= $187 + $308 + $88

= $583

7 0
3 years ago
The Cockrell Company learned that several other shippers in its hometown had customers located in the same market it serves.
SOVA2 [1]

Answer: Pooled delivery consolidation.

Explanation: The Cockrell company should investigate the potential of a pooled delivery consolidation because of the presence of other shippers in the same location. This pooled delivery consolidation will enable the Cockrell Company delivered large amount of goods in less time thereby saving costs and maximizing profits

7 0
3 years ago
In 1 or 2 sentences, describe the effect of competition on prices of items being sold.
yuradex [85]

Competition has an impact on prices of items being sold such that when competition is high, prices can get lower. This is because you want to keep up with other players and present your items as the affordable kind. when competitiion is low, prices are higher because your demand is high
8 0
4 years ago
According to the textbook, globalization involves international exchange. included in this exchange is trade in goods and servic
Bogdan [553]
I think it might be C, I'm not sure but I think it is.

Hope this helped. Have a great day! :D
8 0
3 years ago
The contrast error is committed when the rates rate people:
serious [3.7K]

Answer:

d) relative to others instead of against performance standards.

Explanation:

Contrast error is one that occurs during performance rating where a person is not rated objectively, but against previous people who performed good or badly.

The person's ratings is affected negatively or positively.

A person that performs well subconsciously sets a benchmark in the mind of the rater, and he now rates future participants based on this benchmark and not on performance standards that have been set.

5 0
3 years ago
Other questions:
  • When originally purchased, a vehicle costing $24,120 had an estimated useful life of 8 and an estimated salvage value of $2,200.
    12·1 answer
  • The AW Direct trucking company recently had to terminate one third of its employees and restructure various divisions. Some empl
    13·1 answer
  • Interactive learners learn best by___
    5·1 answer
  • 2.5 If the nominal rate of interest is 4.25 percent and the expected rate of inflation is 1.75 percent, what is the real rate of
    12·1 answer
  • Write a professional 1 page memo that responds to this problem.
    6·1 answer
  • Conlon Enterprises reports the following information about resources. Cost Driver Rate Cost Driver Volume Resources used Setups
    14·1 answer
  • If one of your other classes has a writing assignment, this would be the perfect opportunity to apply this lesson activity towar
    14·1 answer
  • Cullumber Warehouse distributes hardback books to retail stores and extends credit terms of 4/10, n/30 to all of its customers.
    7·1 answer
  • Bryan's department at Farrell Manufacturing is responsible for planning, implementing, and controlling the flow and storage of p
    11·1 answer
  • A brand new business-to-business purchase that is complex or risky and that requires extensive decision making is called:_______
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!