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
Nuetrik [128]
4 years ago
10

What’s cash discount

Business
1 answer:
swat324 years ago
8 0

Cash discount is a reduction in total price of goods and services for prompt payment.

Explanation:

It is given to enhance prompt payment and to discourage trade credit.

Let's assume a Company offers some certain percentage of discount for prompt payment. A goods cost #100,000 for instance. And then for payment within 10 days, 20% discount will be given, payment between day 11 to 15 days of purchasing the goods 15% discount and payment within 16 to 20 days attracts 10%. It means any customer who pays within the first 10 days of purchasing the goods get a discount of #20,000 (i.e 20% of #100,000), hence pays #80,000 for the good. A payment within day 11 to 15 of purchase gets 15% discount, so is allowed only #15,000 (i.e 15% of #100,000), so pays #85,000 while payment made within day 16 to 20 of purchase attracts only #10,000 discount (i.e 10% of #100,000), so he pays only #90,000. No discount will be given to payment made above 20 days of purchase and the full #100,000 will be paid.

Cash discount is also called Early payment discount

You might be interested in
Saan mas maraming pag kakataon na itaas ang kutsara<br>​
stepan [7]

Answer:

sa pagsubo ng pagkain

Explanation:

follow me

5 0
3 years ago
Who is the only artist to refuse to accept a grammy award?
Mariulka [41]
Answer:
The female artist Sinead O'Connor.

Explanation
Sinead O'Connor refused to accept the Grammy Award for her album in 1990 with the title "I do not want what I haven't got".
The reason that she gave for refusing the award was that the show that accompanied the award was too commercialized and materialistic. 

The Grammy Awards began in 1959. A recipient of the award is given a gold plated trophy in the shape of a gramophone, which was an early recording device that followed the invention of the phonograph by Thomas Edison. 
8 0
4 years ago
Lusk Company produces and sells 16,100 units of Product A each month. The selling price of Product A is $31 per unit, and variab
Andrews [41]

Answer:

decrease by $56,600 per month

Explanation:

The impact on the net operating income would be shown below:

In the first case,

Sales ( $31 × 16,100 units) = $499,100

Variable expenses ($25 × 16,100 units) = - $402,500

Fixed expenses = - $111,000

Net loss = - $14,400

And, the fixed cost not avoidable cost is $71,000

So, the net income decreased by

= $71,000 - $14,400

= $56,600

if the product A is discontinued

6 0
4 years ago
How does a parent perform the functions of organizing in management?
Nady [450]

Answer:

I'll assume that the term "parent" here means parent in the conventional term as in father, mother, and children.

With this in mind, parents have the responsibility of organising the family which include their children and the affairs of the house.

Therefore, a parent performs the functions of organizing in management by:

1. Guiding their wards in management principles

2. Educating them in what they should and shouldn't do.

3 0
3 years ago
What could explain why South​ Korea's gross domestic product​ (GDP) per capita increased so much faster since the 1970s than Nor
ira [324]

Answer:

D

Explanation:

Per capita GDP measures the standard of living of the people in a country. The higher the Per capita GDP, the higher the standard of living

Per capita GDP = GDP / population

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

South Korea operates a market economy compared with North Korea. A market economy leads to greater efficiency in production when compared with a command economy.

A market economy is an economy where production decisions are made by the forces of demand and supply. there is no intervention of the government in production decisions

Characteristics of a market economy

• Private ownership of means of production

• freedom of choice. Producers are free to produce what they desire

• competition among producers

• no government intervention.

A command economy is an economy where production decisions are made by the government.

4 0
3 years ago
Other questions:
  • First person get brianlyeist
    13·2 answers
  • James is the warehouse supply manager for a major tool corporation. It is his job to take inventory of the tools the company has
    15·2 answers
  • A factory machine was purchased for $375,000 on January 1, 2018. It was estimated that it would have a $75,000 salvage value at
    11·1 answer
  • Since the creation of the Hershey candy bar over 100 years ago, the price of chocolate has fluctuated, but the price of the cand
    6·1 answer
  • Both monopolistically competitive firms and perfectly competitive firms maximize profits A. by producing where marginal revenue
    6·1 answer
  • The_____states that more of an item will be purchased at a lower price than at a higher price.
    15·1 answer
  • Bob has always been known as an imaginative​ "big picture" person. He sees the world in terms of possibilities and abstract conc
    6·1 answer
  • Your question<br> Write your question here (Keep it simple and clear to get the best answer)<br> ▲
    8·1 answer
  • T/F.
    10·1 answer
  • In this assignment, you will research the cost of the first year at a two- or four-year college, depending on
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!