Question: If you enter a bill dated 12 Aug 2018 and the vendor payment terms are 2 % 10 Net 15 , what is the due

If you enter a bill dated 12 Aug 2018 and the vendor payment terms are 2 % 10 Net 15 , what is the due date?


a) 12 Aug 2018 b) 31 Aug 2018 c) 27 Aug 2018

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The detailed answer for the above question is provided below ... View full answer

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 Finance Questions!

Q:

Suppose Microsoft has decided to introduce a new game playing consoles, the Z Box. Before they launch the Z Box, they conducted an analysis to see if the Z Box would be a desirable investment. The...

Q:

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...

Q:

Carol Harris, Ph.D, CPA, is a single taxpayer and she lives at 674 Yankee Street, Durham, NC 27409. Her Social Security number is 793-52-4335. Carol is an Associate Professor of Accounting at a local...

Q:

Steve Drake sells a rental house on January 1, 2012, and receives $130,000 cash and a note for $55,000 at 10 percent interest. The purchaser also assumes the mortgage on the property of $45,000....

Q:

If you enter a bill dated 12 Aug 2018 and the vendor payment terms are 2 % 10 Net 15, what is the due date? Oc) 27 Aug 2018 a) 12 Aug 2018 d) 31 Aug 2018 a) 12 Aug 2018 S CLEAR ANSWER TA TR SAVE...

Q:

plz help me with it plz YOUR NAME'S CALIFORNIA CASUAL Your Name's California Casunl is a men's and women's clothing store located in San Luis Obispo, California, that specializes in resort wear. The...

Q:

ATTENTION TUTORS PLEASE HELP ME IN ANSWERING THIS ATTACHMENT WORKSHEET I NEED IT FOR CLASS IN ACCOUNTING THANK YOU HAVE THE ANSWERS IN YELLOW PLEASE SEE ATTACHMENT Question 1 of 15 1. A small...

Q:

I need some assistance with this worksheet Please and Thank you. I JUST NEED THE ANSWERS FOR THEM THANK YOU THEY ARE 5 SECTIONS WITH A TOTAL OF 15 QUESTIONS Question 1 of 15 1. A small consulting...

Q:

Please complete the attached worksheet thank you and highlight the answer in yellow see attachment Question 1 of 15 1. A small consulting company wants to make the switch to QuickBooks Online. All of...

Q:

here is the General Ledger, please help solve income statement and impact on income income statement options for income statement Impact on income options for impact on income No Date Debit Credit 1...

Q:

Southeast Shoe Distributor, Inc.* Introduction Southeast Shoe Distributor (SSD) is a closely owned business that was founded 10 years ago by Stewart Green and Paul Williams. SSD is a distributor that...

Q:

A small village draws 1.5 acre-foot of water per day from its reservoir. Convert this water usage into (a) Gallons per minute; and (b) Liters per second.

Q:

You are the HR manager for an upscale retail store which sells clothing, shoes, handbags, and other accessories. Due to the economic downturn, the company has experienced a significant reduction in...

Q:

08.03-PR012 A rental house (MACRS-GDS 27.5-year property) is placed in service by a calendar-year taxpayer during July for $70,000. Determine the depreciation deduction and resulting book value for...

Q:

The sort that divides the problem size according to the items value is a. merge b. count c. quick d. radix

Q:

13. The spotlight effect refers to overestimating the extent to which others notice your appearance or behavior, especially when you commit a social faux pas. Effectively, you feel as if you are...

Q:

A random sample of n = 25 individuals is selected from a population with u = 20, and treatment is administered to each individual in the sample. After treatment, the sample mean is found to be M =...

Q:

12. To evaluate the effect of a treatment, a sample of n = 8 is obtained from a population with a mean of u = 40, and the treatment is administered to the individuals in the sample. After treatment,...

Q:

Evaluate the sum: sin30 + sin60 + sin90 +...sin510 + sin540

Q:

Discussion: Business Etiquette. After completing the LinkedIn Learning course "Business Etiquette: Phone, Email, and Text," please post to the discussion board three tips you learned. In your post...

Q:

Larry Gaines, age 42, sells his personal residence on November 12, 2012, for $144,000. He lived in the house for 7 years. The expenses of the sale are $10,500, and he has made capital improvements of...

Q:

Linda and Richard are married and file a joint return for 2012. During the year, Linda, who works as an accountant for a national airline, used $2,100 worth of free passes for travel on the airline;...

Q:

Laura is a single taxpayer living in New Jersey with adjusted gross income for the 2012 tax year of $35,550. Laura's employer withheld $3,300 in state income tax from her salary. In April of 2012,...

Q:

The city of Seattle limits each household to one can of free garbage collection per week. There are fees for any extra garbage collected from the curb. Sup-pose that a neighborhood group in Seattle...

Q:

Suppose that you are an economic-policy advisor. Environmental groups are pressuring you to implement the highest-possible carbon tax, while industry groups are pressuring you to implement no carbon...

Q:

Describe an externality not listed in the chapter. Is it positive or negative? Who is the economic decision maker, and who bears the external cost or benefit?