« previous next »

Author Question: On May, 2, Breyer, Inc. purchases 25,000 of merchandise from a vendor with credit terms of 2/10, ... (Read 29 times)

jho37

  • Hero Member
  • *****
  • Posts: 531
on: Jul 5, 2018
On May, 2, Breyer, Inc. purchases 25,000 of merchandise from a vendor with credit terms of 2/10, n/30. If Breyer pays the vendor on May 10, the amount of the payment should be ________.
 
  A) 25,000
  B) 24,500
  C) 22,500
  D) 27,500

Question 2

Taking a physical count of inventory
 a. is not necessary when a periodic inventory system is used
  b. should be done near year-end
  c. has no internal control relevance
  d. is not necessary when a perpetual inventory system is used


meganlapinski

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jul 5, 2018
Answer to Question 1

B

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Medical Terms and Corresponding Synonyms Cont Medical Terms and Corresponding Synonyms Cont
Common Combining Terms Common Combining Terms
Anatomical terms for location and direction. Anatomical terms for location and direction.
Glossary of Basic Ayurvedic Terms Glossary of Basic Ayurvedic Terms
How to evaluate algebraic terms containing fractional exponents without a calculator How to evaluate algebraic terms containing fractional exponents without a calculator
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Video: DNA fingerprinting Animation

For a complete list of videos, visit our video library