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

Author Question: A cash discount is quoted to a retailer as 3/10, net 60 . This means that: a. a discount of 3 ... (Read 264 times)

debasdf

  • Hero Member
  • *****
  • Posts: 570
A cash discount is quoted to a retailer as 3/10, net 60 . This means that:
 a. a discount of 3 percent can be earned if paid off in 10 installments over the next 60 days.
  b. the retailer will get a 10 percent discount if the total is paid in 60 days.
  c. a 3 percent discount will be granted to the retailer if the bill is paid in 10 days.
  d. the bill is due in 60 days, but a discount of 3 percent to 10 percent can be earned for paying it off sooner.
  e. the total bill must be paid within 10 days.

Question 2

The availability of credit can increase customers' impulse buying and can also increase their willingness to purchase expensive items.
 
 Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

akpaschal

  • Sr. Member
  • ****
  • Posts: 342
Answer to Question 1

C

Answer to Question 2

T




debasdf

  • Member
  • Posts: 570
Reply 2 on: Jun 29, 2018
Gracias!


Dominic

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Excellent

 

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

For a complete list of videos, visit our video library