Account is paid within 30 days after the end of the month

Assignment Help Finance Basics
Reference no: EM132569496

A 2/15, n/30 date of invoice translates as:

A. a 2% cash discount may be taken if paid in 15 days; if no cash discount is taken, the balance is due in 30 days after the middle of the month
B. a 2% cash discount may be taken if paid in 15 days; if no cash discount is taken, the balance is due 30 days after the invoice date
C. a 2% cash discount may be taken if paid in 15 days; if no cash discount is taken, the balance is due 30 days after the end of the month
D. a 2% cash discount may be taken on 15% of the purchase if the account is paid within 30 days after the end of the month

Reference no: EM132569496

Questions Cloud

Calculate basic eps for year seven : Calculate basic EPS for Year 7 as it should be reported to shareholders. At January 1, Year 7, Fortune Cookie Inc. (FCI) had 300,000 common shares outstanding.
Company concerned about with respect to the exchange rate : What is the company concerned about with respect to the exchange rate?
What is the value of the fund today : Just received a trust fund that will be worth $22,000 when he is 21 years old. If fund earns 0.08 interest compounded annually, what is the value of the fund
Anatomy and physiology can be daunting : Anatomy and Physiology can be a daunting (but also exciting!) course. We will cover every body system in this course and Anatomy and Physiology II.
Account is paid within 30 days after the end of the month : a 2% cash discount may be taken if paid in 15 days; if no cash discount is taken, the balance is due in 30 days after the middle of the month
Compute the consolidation adjustment entry needed at June : Gabrielle Ltd, for $60000. The company tax rate is 30%. Compute the consolidation adjustment entry needed at 30 June 2023
Explain human behavior in brief : Describe each theory. Choose the theory that you feel is the best to explain human behavior and explain why you chose that theory.
Unit 02 Strategic Leadership Assignment : Unit 02 Strategic Leadership Assignment Help and Solution, OTHM Level 7 Diploma In Strategic Management And Leadership - Assessment Writing Service
Anatomy and physiology revealed software : What is the most interesting or helpful feature of the Anatomy and Physiology Revealed software? Were the orientation videos helpful?

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd