What does the credit term of 1/15, n30 mean?

Question:

What does the credit term of "1/15, n30" mean?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting Introduction To Financial Accounting

ISBN: 9781517089719

1st Edition

Authors: Henry Dauderis, David Annand

See More Books

Question Posted: Apr 26, 2016 09:33 AM

See More Questions

Consider the following information about two alternative credit strategies: The higher cost per unit reflects the expense associated with credit orders, and the higher price per unit reflects the...
Consider the following information about two alternative credit strategies: The higher cost per unit reflects the expense associated with credit orders, and the higher price per unit reflects the...
What does 4/15, net 30 mean?
The tune - up specifications of a car call for the spark plugs to be tightened to a torque of 3 4 N ?? m . You plan to tighten the plugs by pulling on the end of a 2 8 - cm - long wrench. Because of...
It takes 28,718 hours to produce the eighth locomotive at a large French manufacturing firm. If the learning factor is 80%, bow long does it take to produce the 10th locomotive?
Recall that the file Supermarket Transactions.xlsx contains data on over 14,000 transactions. There are two numerical variables, Units Sold and Revenue. The first of these is discrete and the second...
Consider the delivery time data in Example 3.1. In Section 4.2.5 noted that these observations were collected in four cities, San Diego, Boston, Austin, and Minneapolis. Example 3.1 a. Develop a...
Pcost Company purchased 85% of the common stock of Scost Company on April 1, Year 1. The fair value of the consideration transferred consisted of a cash payment of $545,000 and contingent...
Clair is a soccer player that just signed a 3-year contract with a new team. The contract will pay her as follows: $58,000 today $67,000 at the end of year 1 $73,000 at the end of year 2 $89,000 at...
Using the percentage method for manual payroll with W-4s from 2020 or later in Appendix C calculate the federal withholding amounts for the following employees. No information was included in Step 4...
How is a purchase return recorded in a perpetual system?
How is a purchase discount recorded in a perpetual system?
Define the Boolean operator as follows: 1 1 = 1, 1 0 = 0, 0 1 = 0, and 0 0 = 1. Show that x y = (x y).
What are the regulation procedures for transferring accountability to Government property?
How does the globalization of social structures, characterized by transnational flows of capital, information, and people, reshape traditional boundaries and configurations of power, culture, and...
What Self-direct variable annuity contracts are great for investment-savvy clients for what reason?
QuickBooks payroll alternatives Using Google, search for a competitor to QuickBooks payroll. 1. Pick one competitor and discuss advantages and disadvantages of using them over QuickBooks Payroll 2....
An executor may account for newborn children if not included as beneficiaries. be a beneficiary of the will. determine the value for the assets. adjust the preferential share
Write Verilog code for the FSM shown in Figure 6.57, using the style of code in Figure 6.29. DN D DN DN D DN S1/0 $3/0 N N ($2/0) N $4/1 DN S5/1
The purpose of this case is to come up with a contingency plan[s] in order to sustain the program Move With Me, a program that serves thousands of community members throughout Lower Manhattan. The...
Do the following events represent business transactions? Explain your answer in each case. (a) A computer is purchased on account. (b) A customer returns merchandise and is given credit on account....
Do the following events represent business transactions? Explain your answer in each case. (a) A computer is purchased on account. (b) A customer returns merchandise and is given credit on account....
Do the following events represent business transactions? Explain your answer in each case. (a) A computer is purchased on account. (b) A customer returns merchandise and is given credit on account....
What is a data flow diagram? Why do systems analysts use data flow diagrams? How can data flow diagrams be used as analysis tools? How do you decide if a system component should be represented as a...
Suppose the demand and supply functions are as given below: Qa86 0.8 P Q-10+ 0.2 P Find the equilibrium price and quantity and show it graphically.
1. How much will an investment of Php 17,000 be if it is compounded quarterly for six (6) years at 5% interest? 2. If an interest of Php 5,000 is deposited into a savings account at an interest rate...

What does the credit term of 1/15, n30 mean?

Question:

Step by Step Answer:

To conclude I can say that the term 11...View the full answer

Accounting Introduction To Financial Accounting

Students also viewed these Accounting questions