Question and answer
An invoice in the amount of $916 is subject to a trade discount of 10% and credit terms on 3/10, n/30. If the invoice is not paid within the discount period, the amount that would be paid to satisfy
the invoice would be (Points : 3)
$824.40 would be the amount to satisfy the invoice. $916 - 10% = $916-91.60 = 824.40
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Original conversation
User: The terms on an invoice are 4/15, n/30. This means that

User: Merchandise inventory at the beginning of the period minus purchases plus merchandise inventory at the end of the period equals cost of goods sold for the period. (Points : 3) True False

User: An invoice of $237.50 dated April 2 is subject to credit terms of 2/10, n/30. If the invoice is paid on April 14, the amount to be paid would be (Points : 3)

User: An invoice in the amount of $916 is subject to a trade discount of 10% and credit terms on 3/10, n/30. If the invoice is not paid within the discount period, the amount that would be paid to satisfy the invoice would be (Points : 3)

Weegy: $824.40 would be the amount to satisfy the invoice. $916 - 10% = $916-91.60 = 824.40
Expert answered|dv8|Points 113|

User: Which of the following credit terms allows a discount of 2% if payment is made within 10 days with the total amount of the invoice due within 60 days? (Points : 3)

Weegy: You said which of the following but didn't provide the answer choices.
Expert answered|dv8|Points 113|

User: Which of the following credit terms allows a discount of 2% if payment is made within 10 days with the total amount of the invoice due within 60 days? (Points : 3) 2/10, n/30 2/10, EOM/60 10/2, n/60 2/10, n/60

Weegy: 2/10, n/60 allows a discount of 2% if payment is made within 10 days with the total amount of the invoice due within 60 days.
Expert answered|dv8|Points 113|

User: A record used to keep the amount owed to each supplier is called a(n) (Points : 3) accounts receivable ledger. accounts payable ledger. transportation ledger. general ledger for accounts payable

Weegy: A record used to keep the amount owed to each supplier is called a(n) (Points : 3) accounts payable ledger.
Expert answered|dv8|Points 113|

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Asked 7/6/2013 2:28:22 PM
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which compensation plan would you recommend for each firm and what reasons would you give for your recommendation
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Weegy: Recognize that your compensation plan needs to fit into your budget, especially if you are a start-up business. Even if your profit is doing well currently, your compensation plan needs to stay consistent, even during the off years. [ At the same time, you don't want to offer a meager compensation plan if profits are high, simply because profit may not be high one year. For this reason, your compensation plan can include a flexible option. You could offer bonuses based on production or sales. This would be an incentive for staff to work harder to achieve bonus status. ] User: why do you think so many people who have access to the Internet are not also online buyers? Weegy: Most mainly use the Internet as a means of communication and means of interacting with other people but less on buying items. Furthermore, most would still prefer to physically hold, see or examine an the item before purchasing the item. User: Do you think that electronic commerce benefits consumers even if they don't make a purchase? Weegy: Consumers today don't realize how lucky they are compared to a couple of decades ago. While many of us remember the days when what you purchased was what you found locally or in a catalog, the younger generations don't. [ I guess that is part of the technology in society and partially to blame for the generation gap out there. However, I think we all have to admit that there are plenty of benefits for consumers when it comes to e-commerce. Basically, no matter where you happen to live the internet allows you the opportunity to buy what you want or need. It can be paid for online and then shipped to you. This is very convenient as you don't have to leave your home to shop. You also don't have to settle for the limited selection of items locally. If you want to give a gift that is very unique you will certainly be able to find it online. You can benefit from extremely fast shipping too so if you have put off shopping or just didn't remember ... (More)
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