Question: Payment terms, when for ordering expensive equipment, may include a 2 % discount if the buyer pays within the first 1 0 days of receiving

Payment terms, when for ordering expensive equipment, may include a 2% discount if the buyer pays within the first 10 days of receiving the invoice. This situation describes which type of discount?
Promotional/trade allowance
Quantity discount
Seasonal discount
Rebate
Cash discount
Payment terms, when for ordering expensive equipment, may include a 2%

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:

Payment terms, when for ordering expensive equipment, may include a 2% discount if the buyer pays within the first 10 days of receiving the invoice. This situation describes which type of discount?...

Q:

Accounting Activity... Hi Tutors. Please answer this accounting activity. I'm really having a hard time with it. It's SO confusing and I just can't..... I will leave a google drive in the comment...

Q:

Account Account Title Bank Account IN 100000 101000 Alternate Bank Account UA W 110100 Miscellaneous Accounts Receivable (Direct Post) 110200 Interest Receivable 110400 Allowance for Bad Debt 200300...

Q:

Q3.Short-term financing i n smartselectimage PlS open \fBillabong (BBG.AX) Analysis By Dr Jennifer Harrison Source: Bloomberg, as cited in Greenblat, E. 2013, 'Billabong adrift without chief...

Q:

FINC 331 Week 8 Quiz, Part I which entails multiple choice questions FINC 331 Week 8 Quiz 13628009756773 301935 1866146 1 175503 0 false Note: It is recommended that you save your response as you...

Q:

uiz Note: It is recommended that you save your response as you complete each question. Question 1 (1 point) Which of the following is NOT a correct way of calculating a liquidity ratio? Question 1...

Q:

This is a explanation in textbook and example with solution as well The following below is the question : Now for question 4 f (iv ) i had few questions before that which i already answered them and...

Q:

Question 1 1 pts A biweekly mortgage: Group of answer choices has one rate adjustment after a set period, such as five years increases at regular intervals, with the increased payments used to pay...

Q:

Financial Accounting: A Business Process Approach, 3e (Reimers) Chapter 5 The Purchase and Sale of Inventory Learning Objective 5-1 5-1) The operating cycle for a merchandising firm is ________. A)...

Q:

I need Answers for Exercise 18-4B, 18-8B, 15-15B, 18-21 B and 18-26B from the attached document Kieso, Intermediate Accounting, 2014 FASB Update, Chapter 18 EXERCISES: Set B 3 5 E18-1B (Sales with...

Q:

Rank Business Weeks principles of good governance from 1 to 14 (1 being most important and 14 least important) to reveal your assessment of these new rules.

Q:

A concrete duct is being designed and optimised for transportation of water, with the configuration shown in Figure.1-a. During operation, all external faces are exposed to a constant heat flux of...

Q:

Calculate the leverage - adjusted duration gap of an FI that has assets of $ 3 . 0 million invested in 3 0 - year, 1 0 percent semiannual coupon Treasury bonds selling at par and whose duration has...

Q:

3. Write a function square_evens(values) that takes a list of integers called values, and that modifies the list so that all of its even elements are replaced with their squares, but all of its odd...