You sell socks wholesale and your terms are 1/10 net 90. A customer just purchased $1000...
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You sell socks wholesale and your terms are 1/10 net 90. A customer just purchased $1000 of socks from you. 5 points. How much more or less in dollars would you make or lose if the customer paid you in the first 10 days compared to waiting? Show your calculations. 4 5 points. You can invest your funds at 5% with a bank. Would you rather that your customer pay you in the first 10 days or wait? Show your calculations. You sell socks wholesale and your terms are 1/10 net 90. A customer just purchased $1000 of socks from you. 5 points. How much more or less in dollars would you make or lose if the customer paid you in the first 10 days compared to waiting? Show your calculations. 4 5 points. You can invest your funds at 5% with a bank. Would you rather that your customer pay you in the first 10 days or wait? Show your calculations.
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Answer rating: 100% (QA)
To calculate the difference in dollars based on when the customer pays lets consider both scenarios ... View the full answer
Related Book For
Government and Not for Profit Accounting Concepts and Practices
ISBN: 978-1118155974
6th edition
Authors: Michael H. Granof, Saleha B. Khumawala
Posted Date:
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