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The single equivalent discount rate of the trade discount 5/4/1 is
re there 3 successive discounts 5%, 4% and 1% ? if 3 successive discount, a, b and c then net discount = a + b + c – (ab/100 + bc/100 + ca/100 – abc/10000) = 5 + 4 +1 – (20/100 + 4/100 + 5/100 – 20/10000) = 9.712 % = 0.09712
Expert answered|latefisher|Points 2049|
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Asked 6/7/2012 9:49:42 PM
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As the Human Resources Manager, identify the criteria you would consider in selecting a candidate, and explain why you would use these criteria
Weegy: The criteria used by a human resources manager depends on the company's needs and the type of job involved. The criteria used to select candidates may include work experience, educational background and previous workplaces (More)
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Asked 6/2/2012 9:24:08 PM
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The markdown percent is calculated by what
Question
Updated 11/27/2015 12:53:36 PM
1 Answer/Comment
The markdown percent is calculated by the amount of markdown divided by original selling price.

Added 11/27/2015 12:53:36 PM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by Andrew. [11/27/2015 5:57:48 PM]
4/10, n/30 R.O.G. means a 4 percent discount can be taken within 10 days before receipt of goods. a. True b. False
Weegy: The answer is false. (More)
Question
Expert Answered
Updated 3/6/2013 8:55:24 PM
3 Answers/Comments
4/10, n/30 R.O.G. means a 4 percent discount can be taken within 10 days before recept of goods. This statement is False . The correct accounting interpretation is 4% discount for the payment within 10 days and the full amount to be paid within 30 days
Added 3/6/2013 8:26:00 PM
This answer has been flagged as incorrect.
Flagged by debnjerry
4/10, n/30 R.O.G. means a 4 percent discount can be taken within 10 days before receipt of goods. This is false. R.O.G. means the discount can be taken within 10 days AFTER receipt of goods.
Added 3/6/2013 8:54:23 PM
This answer has been added to the Weegy Knowledgebase
mouthofdasouth, please answer in a sentence that restates the question and provide a source for you answer.
Please read the basic rules
Added 3/6/2013 8:55:28 PM
Net price times single equivalent discount rate equals amount of trade discount. a. True b. False
Weegy: True (More)
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Expert Answered
Asked 6/7/2012 10:00:55 PM
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2/10, E.O.M. means the credit period ends 20 days after the end of the discount period. a. True b. False
Weegy: Indication "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 the buyer should pay the invoice in order to receive the discount. "n/30" states that if the buyer does not pay the (full) invoice amount within the 10 days to qualify for the discount, then the net amount is due within 30 days after the sales invoice date. The terms offered by the seller usually depend on the trade custom. Some variations of the cash discount terms, among others, may be "2/15, n/30" (2% discount for the payment within 15 days and the full amount to be paid within 30 days) or "n/10 EOM" (the invoice is due and payable 10 days after the end of the month in which the sale occurred). Hence it's False. ] (More)
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Asked 6/7/2012 10:03:37 PM
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