What is the meaning of (a) 1/15, n/60; (b) n/30; (c) n/eom?
Question:
What is the meaning of (a) 1/15, n/60; (b) n/30; (c) n/eom?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 87% (8 reviews)
a 1 15 n 60 This is a type of payment term used in business trans...View the full answer
Answered By
Rodrigo Louie Rey
I started tutoring in college and have been doing it for about eight years now. I enjoy it because I love to help others learn and expand their understanding of the world. I thoroughly enjoy the "ah-ha" moments that my students have. Interests I enjoy hiking, kayaking, and spending time with my family and friends. Ideal Study Location I prefer to tutor in a quiet place so that my students can focus on what they are learning.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Corporate Financial Accounting
ISBN: 978-1133952411
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
Question Posted:
Students also viewed these Business questions
-
What is the meaning of a structural, or behavioral, equation?
-
What is the meaning of a favorable budget variance?
-
What is the meaning of (a) 1/10, n/30; (b) n/90; (c) n/eom?
-
From the work sheet, prepare the following: 1. Closing entries for Gimbel's Gifts and Gadgets in a general journal. 2. A post-closing trialbalance. Gimbel's Gifts and Gadgets Work Sheet For Year...
-
Using the information from BE14- 9, determine the issue price of the bonds, assuming that the market rate of interest is 4%. In BE14-9 Jorge Corporation issued $ 100,000 par value, 6%, four- year...
-
Use a text editor to create a comma-delimited file of user IDs and passwords. Revise any one of the games you have created throughout this book so the user must first enter a correct ID and its...
-
Which type(s) of contract relies on the measurement of approximate (as opposed to actual) quantities completed during each pay period?
-
Scrapper Elevator Company has 20 sales representatives who sell its product throughout the United States and Canada. The number of units sold last month by each representative is listed below. Assume...
-
ADVICE TO TEACHERS INTERESTED IN BECOMING A PRINCIPAL "There's a tradition of teachers who are really excellent exemplars in the classroom of saying, 'I don't want to be a principal because it has...
-
A set of ten jobs must be scheduled at an integrated machining center that performs a number of metal-cutting operations on components for complex assemblies. These jobs and their processing times...
-
Which of the following accounts will usually appear in the post-closing trial balance? a. Accounts Payable b. Accumulated Depreciation c. Capital Stock d. Cash e. Depreciation Expense f. Dividends g....
-
Based on the data presented in Exercise 5-23, journalize the closing entries. Data From Exercise 5-23: From the following list, identify the accounts that should be closed to Income Summary at the...
-
What is operating cash flow (OCF)? How is it calculated? What is free cash flow (FCF)? How is it calculated from operating cash flow (OCF)? Why do financial managers focus attention on the value of...
-
The following rates were observed for a first-order, irreversible reaction, carried out on a spherical catalyst: dp = 0.625 cm robs=0.09 mol/gcat.hr dp = 0.10 cm Tobs = 0.275 mol/gcat.hr Strong...
-
A certain chemical reaction releases 39.9 kJ/g of heat for each gram of reactant consumed. How can you calculate what mass of reactant will produce 1640. J of heat? Set the math up. But don't do any...
-
3. What is the dollar effect on the company's unadjusted trial balance from the following errors? a. A debit to Equipment for $4,000 and a credit to Notes Payable for $400. b. A debit to Wages...
-
Entropy & Information Flow. Consider the instruction x:=y+z, which takes a system from state s to state t. Assume that x does not exist in state s, and the probability distributions of y and z are as...
-
An electron free to be anywhere on the line x in (-0,00) has a wave function given by Psi (x) = N* e^(- alxl) where a = 1.957n *n m ^-1 What is the value of the normalization N?
-
If the basis in an asset is low relative to its current market value, why might bequeathing the asset be more efficient than giving it as a gift? Under what conditions will the gift route be...
-
This problem continues the Draper Consulting, Inc., situation from Problem 12-45 of Chapter 12. In October, Draper has the following transactions related to its common shares: Oct 1 Draper...
-
Amazon.com, Inc. (AMZN) is the largest Internet retailer in the United States. Amazons income statements through operating income for two recent years are as follows (in millions): a. Prepare a...
-
For a recent year, the balance sheet for The Campbell Soup Company (CPB) includes accrued expenses of $604 million. The income before taxes for Campbell for the year was $849 million. a. Assume the...
-
Assume that you recently accepted a position with Five Star National Bank & Trust as an assistant loan officer. As one of your first duties, you have been assigned the responsibility of evaluating a...
-
Elaborate the term life annuity and provide its calculation method?
-
Why it is important for a firm to maintain its ledger ?
-
What kinds of financial markets are there and what are each used for explain?
Study smarter with the SolutionInn App