Question: If the credit terms are 1 / 5 , net 2 1 , customers should: Multiple Choice always pay on the 2 1 st day.

If the credit terms are 1/5, net 21, customers should:
Multiple Choice
always pay on the 21st day.
take the discount and pay immediately.
take the discount and pay on the day following the day of sale.
either take the discount or pay on the 21st day.
both take the discount and pay on the 21st day.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Using the seven-step process described in this chapter, create a structural model for exercise E in Chapter 4. Exercise E in Chapter 4 Draw a use-case diagram and a set of activity diagrams for the...

Q:

Favorites, Inc., an eclectic book and music store near a large college campus, is a reseller. The store buys books almost every day. Deliveries are a continual part of the day - to - day operation of...

Q:

Amicable Wireless, Inc. offers credit terms of (2)/(10) , net 30 for its customers. Sixty percent of Amicable's customers take the 2% discount and pay on day 10 . The remainder of Amicable's...

Q:

4748. Spartan Sporting Goods has $5 million in inventory and $2 million in accounts receivable. Its average daily sales are $100,000. The firm's "Cost of Good Sold" (COGS) in 75% of the firm's sales...

Q:

hi, expert, thank you very much for your reply, i really want to paid more for your quality answer, but there is no money left from my bank card, that's the last amount i have, but this work is...

Q:

Can someone help me with this foot note questions it pertains to 1-800 Flowers 10-k. 2016 Annual Report DELIVERING SMILES, DRIVING GROWTH n iona v tion Always Innovating 1-800-FLOWERS.COM and its...

Q:

kindly assist me in this home work. Let me know if you need more information.Thank you KEY FINANCIAL STATEMENT RATIOS Liquidity ratios rev. 3-19-2010 rev. Feb 2010 Example: Current Ratio Current...

Q:

2. What do you think of STs strategy of selling only to "high end" retail outlets? Specialty Teas INTRODUCTION Late one afternoon in March 2009, Tim Casey, owner of Specialty Teas (ST), purveyor of...

Q:

1. You need to perform a SWOT analysis on the company? Please see below for case analysis. Specialty Teas INTRODUCTION Late one afternoon in March 2009, Tim Casey, owner of Specialty Teas (ST),...

Q:

ST has a relatively complex supply chain, starting with growers in tea producing countries. Discuss opportunities and challenges for the company in managing this chain. See case below. Specialty Teas...

Q:

What communication habits and behaviors have been established by leadership within the company to date? Evaluate how this communication influences motivation, innovation, and productivity within the...

Q:

Research and discuss the foreign exchange market in terms of both the value of the currency over time and any regulations affecting the currency for MEXICO, both individually and comparatively....

Q:

Figure 17.18 shows data on the dependence of the current through a resistor on the voltage across that resistor. (a) Is the resistor ohmic? Explain your reasoning. (b) What is the value of its...

Q:

develop an objective for a bank offering a new checking account

Q:

P-1) (100 Pts.) A chemical manufacturing company (CMC) has a contract for the procurement of the neccssaly chemicals from four suppliers. The chemicals purchased from Supplier A are priced at $20...

Q:

6. Understand the difference among a universalistic, a relativist, and a dialogic approach to the study of ethics and intercultural communication.

Q:

3. What are some of the potential challenges organizations face as they become more diverse?

Q:

4. Why is it important to think beyond ourselves as individuals in intercultural interaction?