What is a sales discount? Use 2/30, n/45 in your explanation.
Question:
What is a sales discount? Use 2/30, n/45 in your explanation.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (11 reviews)
A sales discount is a cash discount given to a customer for prompt payment on account ...View the full answer
Answered By
Hamza Amjad
Currently I am student in master degree program.from last two year I am tutring in Academy and I tought many O/A level student in home tution.
4.80+
3+ Reviews
10+ Question Solved
Related Book For
Fundamentals of Financial Accounting
ISBN: 978-1259864230
6th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
Question Posted:
Students also viewed these Business questions
-
What is the equation for each of the following statements: (a) Income statement, (b) Balance sheet, and (c) Statement of retained earnings?
-
Briefly explain the difference between net income and net loss.
-
In Problem 8, suppose the company instead decides on a four for-one stock split. The firms 65-cent per-share cash dividend on the new (postsplit) shares represents an increase of 10 percent over last...
-
The following atomic absorption results were obtained for determinations of Zn in multivitamin tablets. All absorbance values are corrected for the appropriate reagent blank (c Zn = 0.0 ng/mL). The...
-
Is any vector perpendicular to itself?
-
Evaluate each expression. (-3) 5
-
On February 11, 2009, plaintiff Levista, Inc. (plaintiff) filed against defendant Ranbaxy Pharmaceuticals, Inc. (defendant), pursuant to this Courts diversity jurisdiction under 28 U.S.C. 1332(a),...
-
Naylor Company had $210,000 of net income in 2013 when the selling price per unit was $150, the variable costs per unit were $90, and the fixed costs were $570,000. Management expects per unit data...
-
What is Data Manipulation Language in SQL ? What are the Benefits of DML? What is DML command with example?
-
1. If you were Ethney, how would you try to conduct yourself at the oil company? Would you act differently from your normal personality? Do you think your approach would be successful? Why? 2. What...
-
Why are different depreciation methods allowed?
-
Bills Boards (BB) is an outdoor advertising company founded by William Longfall. William knows very little accounting so he hired a friend to keep the books. Unfortunately, William did not review his...
-
The accompanying data file contains 19 observations with two variables, x 1 and x 2 . a. Using the original values, compute the Euclidean distance for all possible pairs of the first three...
-
Barton Industries can issue perpetual preferred stock at a price of $46 per share. The stock would pay a constant annual dividend of $4.10 per share. If the firm's marginal tax rate is 40%, what is...
-
What material was most helpful for you? Why? How does this material relate to your life? How will you use the information at your work?
-
Farmers Bank offers to lend you $30,000 at a nominal rate of 6.0%, simple interest, with interest paid quarterly. Gold Coast offers to lend you the $30,000, but it will charge 7.0%, simple interest,...
-
Nada recently set up a tax-deferred annuity to save for his retirement. He arranged to have BD 50 taken out of each of his monthly checks; it will earn 4% annual interest. She just had his 25...
-
Two payments of $49 000 each must be made 3 year and 5 year from now. If money can earn 4.9% compounded monthly, what single payment 5 years from now would be equivalent to the two scheduled payments?
-
Sant Smoothie & Sweets Ltd. has been providing all natural granola bars to Coffee Beans Ltd., a private company, on a weekly basis over the past two years. Coffee Beans, thrilled with the quality of...
-
What types of inventory issues Starbucks might reflect upon at the end of each year? The mission of Starbucks is to inspire and nurture the human spiritone person, one cup, and one neighborhood at a...
-
Motif Furniture is an Austin- based furniture company. For each of the following first- quarter transactions, indicate whether operating (O), investing (I), or financing activities (F) are affected...
-
Audio City, Inc., is developing its annual financial statements at December 31. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income...
-
Refer to the financial statements of The Home Depot in Appendix A and Lowes in Appendix B at the end of this book, or download the annual reports from the Cases section in the Connect library....
-
calculate the present value of the following ordinary annuities. $400 per share for 10 years at 10% rate $200 per year for 5 years at a rate of 5% compounded monthly
-
A college education currently costs approximately $75,000 at Corner University and inflation averages 5% per year. What will the cost (to the nearest dollar) of an education at C.U. be in 15 years?
-
Question: Bolton Electric purchases 220 boxes of light bulbs a year. The boxes cost $6 each. It costs $14 to order each box of light bulbs, and carrying costs are $7 per box on an annual basis....
Study smarter with the SolutionInn App