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

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August undefined, 2024

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... 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 …

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

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 … 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). how many students go to kutztown university

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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 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). 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 how did the telegraph impact the war

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

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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 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 … how did the ten commandments startWebIf 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. how did the telegraph end slavery

"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 … " - In credit terms of 3/15 n/45 the 3 represents

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

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. Dec 11, 2024 ·

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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… 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 …

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. … 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 ...

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. 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 ...

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 … how did the telegraph improve lifeWebQuestion: 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 did the telephone affect lifeWebOct 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 how many students go to nau in flagstaffWebJan 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 … how did the teenage mutant turtles dieWebIn 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 how did the telephone workWebIn 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 … how did the television change over timeWebAccounts 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. how did the telephone impact business