In credit terms of 3/15 n/45 the 3 represents

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WebIn credit terms of 3/15, n/45, the "3" represents the Oa. full amount of the invoice Ob. number of days in the discount period Oc. number of days when the entire amount is due Od. percent of the available discount for early payment 4 Question thumb_up 100% WebAug 13, 2024 · Credit terms are the payment requirements stated on an invoice. It is fairly common for sellers to offer early payment terms to their customers in order to accelerate the flow of inbound cash. This is especially common for cash-strapped businesses, or those that have no backup line of credit to absorb any short-term cash shortfalls.

Answered: In credit terms of 3/15, n/45, the "3"… bartleby

WebOct 12, 2024 · answered In credit terms of 3/15, n/45, the 3 represents the See answer Advertisement AlphaWolf294 Answer: The 3 represents the percentage of cash discount. It means the cardholder will receive a 3% discount if the bill is paid within 15 days from the billing date. Advertisement Advertisement chula vista bayfront inn

What is the meaning of (a) 1/15, n/60; (b) n/30; (c) n/eom?

WebDec 18, 2024 · In credit terms of 3/15, n/45, the "3" represents the number of days in the discount period full amount of the invoice number of days when the entire amount is due percent of the cash discount Merchandise with a sales price of $5,000 is sold on account with term. 2/10. n/30. WebIn the credit terms of 3/15, n/45, the "3" represents the a. Number of days when the entire amount is due b. Full amount of the invoice c. Percent of the cash discount d. Number of … WebQ: In the credit terms of 3/15, n/45, the "3" represents the a. Number of days when the entire amount… A: Credit terms: Credit terms are the terms of payment offered by the seller to the buyer. Q: An invoice dated June 27 for P20, 850 carried a cash discount of 5/30. If this invoice is paid on… destroy hard drives with machine guns

What do 2/10, n/30 invoice terms mean? - Simplestudies.com

In credit terms of 3/15, n/45, the "3" represents the - Management Notes

WebJan 9, 2024 · In credit terms of 3/15, n/45, the "3" represents the percent of the cash discount.. What does Credit terms mean? Credit terms refer to the conditions that must be met in order for credit to be extended to a customer. These terms may include the amount of credit given, payment due dates, interest rates, and other factors.For example, a credit … Web3. Cost of merchandise sold is the amount that the merchandising company pays for the merchandise it intends to sell. FALSE 4. Service businesses provide services for income, while a merchandising business sells merchandise. TRUE 5. In many retail businesses, inventory is the largest current asset. TRUE 6. chula vista bicycle shopWebIndication "2/10, n/30" (or "2/10 net 30") on an invoice represents a cash (sales) discount provided by the seller to the buyer for prompt payment. The term 2/10, n/30 is a typical credit term and means the following: "2" shows the discount percentage offered by the seller. "10" indicates the number of days (from the invoice date) within which ... chula vista bayfront project map

"WebJul 8, 2024 · The “15” represents the number of days in which the cash discount is valid. The “n” represents the total net amount of the invoice. The “45” represents the number of days … " - In credit terms of 3/15 n/45 the 3 represents

In credit terms of 3/15 n/45 the 3 represents

Answered: In the credit terms 1/10, n/30, what… bartleby

WebQ: In the credit terms of 3/15, n/45, the "3" represents the Number of days when the entire amount… A: Credit terms: Credit terms are the terms of payment offered by the seller to the buyer. Q: 10) Compute the simple interest and final amount of each loan Principal Rate Time A P 400 7% 1 year… WebStudy with Quizlet and memorize flashcards containing terms like Using a perpetual inventory system, the entry to record the return from a customer of merchandise sold on …

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WebIn credit terms of 3/15, n/45, the "3" represents the. A. number of days in the discount period. B. full amount of the invoice. C. number of days when the entire amount is due. D. … WebIn credit terms of 3/15, n/45, the . All Matches. Solution Library. Expert Answer. Textbooks. Search Textbook questions, tutors and Books ... 18. Answer:d percentage of the cash …

WebQuestion: In credit terms of 3/15, n/45, the "3" represents the number of days in the discount period full amount of the invoice number of days when the entire amount is due percent of the cash discount Merchandise with a sales price of $5,000 is sold on account with term. … WebDec 11, 2024 · 11 Dec 2024 In credit terms of 3/15, n/45, the "3" represents the a. Number of days in the discount period b. Full amount of the invoice c. Number of days when the entire amount is due d. Percent of the cash discount. Show full question + 20 For unlimited access to Homework Help, a Homework+ subscription is required. Read by 5 people

WebIn credit terms of 3/15, n/45. the "3" represents the number of days in the discount period full amount of the invoice number of days when the entire amount is due percent of the cash discount This problem has been solved! You'll get a detailed solution from a subject matter expert that helps you learn core concepts. See Answer Web2.9K views, 104 likes, 14 loves, 50 comments, 25 shares, Facebook Watch Videos from 3FM 92.7: 3FM Sunrise Sports is live with Kelvin Owusu Ansah

WebQuestion: In credit terms of 3/15, n/45, the "3" represents the a. full amount of the invoice b. number of days in the discount period c. number of days when the entire amount is due d. percent of the cash discount This problem has been solved! You'll get a detailed solution from a subject matter expert that helps you learn core concepts.

WebIn the credit terms of 3/15, n/60, the “15” represents the a. number of days in the discount period. b. percent of the cash discount. c. full amount of the invoice. d. number of days when the entire amount is due Expert Solution Want to see the full answer? Check out a sample Q&A here See Solution star_border chula vista bookstore alabamaWebIf the vendor's invoice has terms of 2/10, n/30, the "2" represents 2%, the "10" represents 10 days, the "n" represents the word net and the "30" represents 30 days. This means that the buyer can take an early payment discount of 2% of the amount owed if the amount is remitted within 10 days instead of the customary 30 days. destroy hair folliclesWebPayment terms are defined as the time period within which a firm expects payment for goods or services rendered. The terms listed above are defined as: 1/15, n/60 is the payment term... chula vista bayfront hotelWebTranscribed Image Text: In credit terms of 3/15, n/45, the "3" represents the Oa. number of days in the discount period Ob. number of days when the entire amount is due Oc. percent … chula vista border patrol station phoneWebDec 18, 2024 · answer below ». In credit terms of 3/15, n/45, the "3" represents the number of days in the discount period full amount of the invoice number of days when the entire … destroy ground hornet nestWebIn credit terms of 3/15, n/45. the "3" represents the number of days in the discount period full amount of the invoice number of days when the entire amount is due percent of the … chula vista bond investmentsWebAccounts receivable analysis The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, n/45. A. For 20Y2 and 20Y3, determine (1) the accounts receivable turnover and (2) the number of days sales in receivables. Round to the nearest dollar and one decimal place. B. destroying/altering tables and views