This topic contains a solution. Click here to go to the answer

Author Question: The terms on an invoice are 4/15, n/30 . This means that a. a discount of 4 will be allowed if ... (Read 344 times)

LaDunn

  • Hero Member
  • *****
  • Posts: 526
The terms on an invoice are 4/15, n/30 . This means that
 a. a discount of 4 will be allowed if payment is made within 15 days from the date of the invoice.
   b. a discount of 15 will be allowed if payment is made with 4 days from the date of the invoice.
   c. a discount of 4 will be allowed if payment is made by the 15th of the month.
   d. a discount of 15 will be allowed if payment is made by the 4th day after the date of the invoice.

Question 2

Team Shirts issued a 10 stock dividend. The balance in retained earnings just before the dividend was 45,000. There were 15,000 shares outstanding on the day of the dividend.
 
  The 1 par value stock had a market price of 17.25 on the day of the dividend. Total shareholders' equity will increase (decrease) by ________.
  A) 4,500
  B) 1,500
  C) 25,875
  D) 0



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Perkypinki

  • Sr. Member
  • ****
  • Posts: 339
Answer to Question 1

a

Answer to Question 2

D




LaDunn

  • Member
  • Posts: 526
Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)


recede

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Excellent

 

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

For a complete list of videos, visit our video library