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2 years ago

Explain the difference between a Trade discount and Cash discount?

Business

2 answers:

Savatey [412]2 years ago

7 0

Answer:

Explanation:

A trade discount is one that is allowed by the wholesaler to the retailer, calculated on the list price of the product, whereas cash discount is allowed to stimulate instant payment of the goods purchased. The main difference between trade discount and cash discount is that ledger account is opened for a cash discount, but no for a trade discount.

madam [21]2 years ago

5 0

The key difference between trade discount and cash discount is that trade discount refers to the reduction in list price known as discount, allowed by a supplier to the consumer while selling the product generally in bulk quantities to concerned consumer, whereas, cash discount is discount given by the supplier on its cash payments to recover the cash debts on time as it motivates the buyer to pay cash early as they are given discount if they pay within the stipulated time.

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Answer:

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Explanation:

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3 years ago

A company has net credit sales of $1,200,000, beginning net accounts receivable of $290,000, and ending net accounts receivabl

7nadin3 [17]

Answer:

Days of receivable will be 75 days

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3 years ago

James hires Franco for a painting job. Their contract explicitly states that Franco's employment can be terminated if he is empl

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Answer:

Condition subsequent.

Explanation:

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2 years ago

At XYZ Corp., the master schedule reflects the fact that 50 percent of its output is product version A, 30 percent is version B,

Makovka662 [10]

Answer:

The weekly production for version A be 100 units

Explanation:

According to the given data we have the following:

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2 years ago

You plan to retire in 28 years. You would like to maintain your current level of consumption which is $52,672 per year. You will

igor_vitrenko [27]

Answer:

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Substituting the values into equation (1) and solve for n, we have:

$52,672 = P * ((1 - (1 / (1 + 0.0503))^13) / 0.0503)

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P = $5,617.37

Therefore, the amount to invest each year for 13 years is $5,617.37.

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3 years ago

Explain the difference between a Trade discount and Cash discount?​

Explain the difference between a Trade discount and Cash discount?