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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 334 times)

LaDunn

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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



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Perkypinki

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Answer to Question 1

a

Answer to Question 2

D




LaDunn

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Reply 2 on: Jul 5, 2018
Excellent


zacnyjessica

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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