In credit terms of 3/15 n/45 the 3 represents
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 … WebIn credit terms of 3/15, n/45, “3” represents “15” represents n/45 represents 6. On 1 - 4 - 2024 Ms. Bushra Al Khair LLC buys 150 Apple phone @ 225 each from a local supplier. The supplier offers a trade discount of 5% on amounts in excess of RO 10,000 (i.e. the trade discount does not apply to the first RO 10,000).
In credit terms of 3/15 n/45 the 3 represents
Did you know?
WebDec 11, 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 Answer + 20 Watch For unlimited access to Homework Help, a Homework+ subscription is required. Read by 5 people WebIndication "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 ...
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. … 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.
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…
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.
WebAug 13, 2024 · The term structure used for credit terms is to first state the number of days you are giving customers from the invoice date in which to take advantage of the early payment credit terms. For example, if a customer is supposed to pay within 10 days without any discount, the terms are "net 10 days," whereas if the customer must pay within 10 … flp northwest phone numberWebIn 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 … greendale first watchWebQ: 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… greendale first church of christ indianaWebA typical net 30 credit term means the balance is due within 30 days from the invoice date. A 2/10 net 30 (also known as 2 10 net 30) means the balance will be discounted by 2% if the buyer makes a payment within the first ten days. So the “2” represents the discount amount (2%) and the “10” represents the due date (10 days out). greendale flooring torquayWebJul 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 … greendale fishingWebTranscribed Image Text: In 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 Expert Solution Want to see the full answer? Check out a sample Q&A here See Solution flpo antibodyWebIn 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. … greendale football schedule