In credit terms of 3/15 n/45 the 3 represents
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% 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 …
In credit terms of 3/15 n/45 the 3 represents
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WebA 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 ... 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 …
WebTranscribed 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 … WebF 11. A credit term of “2/10, n/30” means that the buyer may deduct 2% from the invoice if payment is made within 10 days from the end of the month. ... n/30 March 15 c. 20% 3/10, n/30 March 12 d. 40%;20% 1/10, n/30 March 8 e. 0 n/30 March 26. Required: For each of the sales terms, determine the following: 1. The amount to be recorded as ...
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 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.
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. howard work choicesWebIn 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 … how many lbs of pressure to break a neckWebIndication "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 ... how many lbs of pressure to break a femurWebQuestion: 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. … how many lbs of potato salad for 23 peopleWebIn 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). how many lbs of oats to plant per acreWebStudy 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 … howard worseley electricianWebIn 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 howard wood restorer products