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
kolezko [41]
2 years ago
5

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.
You might be interested in
Which of the following is not a tool of Monetary Policy?
abruzzese [7]

Answer:

D. Changes in federal expenditures

6 0
3 years ago
Rabbits have large ears. infer how this adaptation helps the rabbit meet its needs
BabaBlast [244]
 rabbits have large ears so that they can hear predators coming so they will run and stay alive
8 0
2 years ago
Suppose two types of consumers buy suits. Consumers of type A will pay $100 for a coat and $50 for pants. Consumers of type B wi
n200080 [17]

Answer:

The firm will not sell any bundle, the amount of bundle to be sold will be zero.

Explanation

Solution

Since firm sells at $25 each for coats and pants, then If consumer wants to purchase both Pant and Coat, the customer will have to pay 25 + 25 = $50.

Also, If consumer purchase Pant and Coat as a Bundle then, he will pay 150. From the question stated we can conclude  that  their is a form of interest to pay for Pant and Coat for Both consumers are higher than 25.

However, they will have to pay an amount less for 1 coat and 1 pant if they buy this in a separate way instead of a  Bundle.

We can say, that type of consumers (both) will not buy the pants and coat as a bundle, but will want to buy them separately.

Therefore, any bundle will not be sold by firm. the amount of Bundle sold will be known as a zero Bundle

5 0
3 years ago
1,Darla completed a two-year degree to become a registered nurse, but she still must work under the supervision of another nurse
Reil [10]

energy and power technology

7 0
3 years ago
kala and leah partners in best designs have capital balances of $40,000 and $60,000 respectively. adam joins the partnership by
inna [77]

Answer:

The solution to the following problem is done below.

Explanation:

a) Journalize the entries to record the admission of adam to the partnership.

Account Title                                                                          Dr            Cr

Kala, Capital                                                                         20,000

Adam, Capital                                                                                       20,000

Cash                                                                                      10,000

Kala, Capital                                                                                           8,000

Leah, Capital                                                                         6,000

Adam, Capital                                                                                        24,000

b) Immediately after adam's admission to the partnership, leah sells one-fourth of her interest to denton for $35,000. journalize the entry to record the transaction.

Account Title                                                                          Dr            Cr

Leah, Capital                                                                        13,500

Denton, Capital                                                                                    13,500

6 0
3 years ago
Read 2 more answers
Other questions:
  • Philip is a new manager of a 15 person manufacturing operation. His predecessor has handed him a complete annual plan (with budg
    15·1 answer
  • The average noise level in a diner is 30 decibels with a standard deviation of 6 decibels. ninety-nine percent of the time, the
    13·1 answer
  • When a firm practices perfect price​ discrimination, it A. charges each consumer her reservation price. B. captures all the soci
    7·1 answer
  • Delaware Coatings Company uses the indirect method to prepare its statement of cash flows. Refer to the following information fo
    8·1 answer
  • The analysis of receivables method of costing inventory is based on the assumption that: a.the bad debt expense is recorded only
    7·1 answer
  • Financial information for BDS Enterprises for the year-ended December 31, 20xx, was gathered from an accounting intern, who has
    13·1 answer
  • List three impulse convenience goods that you or someone you know has purchased
    14·1 answer
  • Why might digital media be more effective than television ads?
    10·1 answer
  • A customer asks about or expresses concern that the rogue vc-turbo has three cylinders. What are some ways to respond?.
    10·2 answers
  • When it is difficult to hire employees, firms take ____________ to hire, which increases ____________ unemployment.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!