What is a purchases discount?
Question:
What is a purchases discount?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
A purchase discount is a deduction that a payer can take from an invoice amount if payment is made b...View the full answer
Answered By
Hardik Dudhat
I am semi-qualified Chemical Engineering ,I have scored centum in accounting in my senior secondary and in my graduation. I have always helped my fellow students with their concerns on the subject, i have tutored on various tutoring sites in the past and also have taken home tuitions for degree and MBA students. As a tutor, I don't want my students to just get a solution, I want them to understand the concept and never have a doubt in that area thereon and i believe in excelling and not in educating.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
What is the discount rate? What happens to the money supply when the Fed raises the discount rate?
-
What mistake do you make when you discount real cash flows with nominal discount rates?
-
What is the difference between a pure discount bond and a bond that trades at a discount? If issuers successfully sell pure discount bonds in the market, investors must want them. Can you explain why...
-
You have just been given a $454,000, which you decide to invest at an APR of 6.7 percent. If you were to withdraw $38,500 at the end of each year, starting at the end of this year, how many years...
-
Financial statement data for Comfort Shoes Company for 2011 follow: COMFORT SHOES COMPANY Comparative Statement of Financial Position COMFORT SHOES COMPANY Statement of Earnings For the year ended...
-
What are the energy equivalents (in \(\mathrm{MeV}\) ) of the mass of (a) an electron, (b) a proton, (c) a hydrogen atom, and (d) a helium atom?
-
The turbine shown in Fig. P5.114 develops \(100 \mathrm{hp}\) when the flowrate of water is \(20 \mathrm{ft}^{3} / \mathrm{s}\). If all losses are negligible, determine (a) the elevation \(h\), (b)...
-
Universal Bank is a relatively young bank growing rapidly in terms of overall customer acquisition. The majority of these customers are liability customers (depositors) with varying sizes of...
-
Managing costs is a crucial aspect of ensuring the long-term financial stability of an organization. In this regard, it is essential to clearly understand the differences between fixed, mixed, and...
-
If the emitter current of a transistor is 8 mA and IB is 1/100 of IC, determine the levels of lC and IB.
-
The Sports Loft is a retail store that sells sports clothing, accessories, and equipment. Janet Loftis wants you to design a more automated system for ordering merchandise that will free her for...
-
If bankcard fees are automatically deducted from the checking account of a business, how will the bookkeeper journalize the fee? a. Capital account is increased by the amount of the fee. b. Cash...
-
William John Cunningham, a professional basketball player, entered into a contract with Southern Sports Corporation, which owned the Carolina Cougars, a professional basketball team. The contract...
-
Consider the same simple linear regression (SLR) model Gauss Markov assumptions: Y = Bo + B X + u, where the error term u has an unconditional variance of o. Your friend highly recommends this...
-
25 lbm of water with a quality value of 0.55 exists in a rigid tank at 80F. Determine the a. The pressure [psia] of the water in the tank (5 points) b. The volume [ft] of the tank (15 points)
-
Discuss the influence of Stuart Hall in the development of the field of cultural studies.
-
For the beam below (see dimensions below); (1) Calculate, dimension and sketch the location of the horizontal centroidal axis (2) Calculate the Second Moment of Area Ixx (horizontal axis only) (3)...
-
The investor buys 100 shares of stock for $10 a share and sells it for $14. Also assume the margin requirement is 60%, the commission rate is 5% of the purchase or sale price, the interest rate is...
-
Justify the triangle inequality for (a) The L1 norm (3.31); (b) The L norm (3.32)
-
At the beginning of the year, Lam Ltd. had total assets of $800,000 and total liabilities of $500,000. Use this information to answer each of the following independent questions. (a) If Lam's total...
-
What are the differences in direct and indirect costs to a nonprofit organization? Would you want a government grant or contract that provided funds for direct or indirect costs?
-
Are social entrepreneurs born or made? In other words, can individuals be educated or trained in a way that will result in entrepreneurial behavior?
-
Which of the two schools of thought, or definitions of social entrepreneurship, do you find most satisfactory? Explain.
-
Briefly describe the strategies you could implement in minimising the identified personal safety risks.
-
Today is October 28, 2016. You anticipate that your company (General Motors) will purchase 1 million pounds of Platinum (for catalytic converter) on February 28, 2017, August 28, 2017, February 29,...
-
Nivek had an agreement to settle a loan by making payments of $4,000 in 15 months , and $2,300 in 6 years . What single payment in 27 months would be equivalent to these scheduled payments if money...
Study smarter with the SolutionInn App