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

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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). 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…

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

WebDec 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 … 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 … ina garten oysters rockefeller recipe

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WebPayment 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... 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 … 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 ina garten panko crusted rack of lamb recipe

[Solved] 18. In credit terms of 3/15, n/45, the "3 SolutionInn

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

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 … 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. ina garten panko crusted salmonWebIn 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. … in 600 series postage machine sealer

"WebA 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). " - In credit terms of 3/15 n/45 the 3 represents

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

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… 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 …

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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. 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

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 … WebJan 16, 2024 · In credit terms of 3/15, n/45, the "3" represents the:a. number of days in the discount periodb. full amount of the invoicec. number of days when the entire amount is …

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. … 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. percent …

WebAccounts 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.

ina garten pantry itemsWebIndication "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 ... in 622 muhammad and his followers moved toWebIf 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. in 600aWebOct 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 in 625 ÷ 10 what is the remainderWebQuestion: 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. in 610 what happens to muhammadDec 11, 2024 · ina garten parmesan and thyme crackersWebA customer purchases 55 units of the 4-in-1 desktop printers on October 1 on credit. Terms of the sale are 10/15, n/40, with an invoice date of October 1. On October 6, the customer returned 10 of the printers to CBS for a full refund. ... The chart in Figure 6.12 represents the journal entry requirements based on various merchandising sales ... ina garten pantry list