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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) $4.75. $23.75. $232.75. $237.50.
Weegy: C. $232.75 (More)
Question
Updated 7/3/2013 6:26:09 PM
1 Answer/Comment
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
$237.50.
The discount period is only 10 days, after that time the net amount is due.
Added 7/3/2013 6:26:24 PM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by andrewpallarca [5/13/2014 11:47:49 AM]
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
Question
Not Answered
Updated 7/3/2013 6:17:53 PM
1 Answer/Comment
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.
Added 7/3/2013 6:17:53 PM
. A common approach to keeping a record of each customer's account receivable is to use a subsidiary accounts receivable ledger. (Points : 3) True False
Question
Not Answered
Updated 8/17/2015 7:00:26 PM
1 Answer/Comment
A common approach to keeping a record of each customer's account receivable is to use a subsidiary accounts receivable ledger. TRUE.
Added 8/17/2015 7:00:26 PM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by Andrew. [11/18/2016 1:16:24 PM]
Special discounts from list prices, granted by manufacturers to different classes of customers, are known as (Points : 3) cash discounts. trade discounts. manufacturers' discount. customers' discounts.
Question
Not Answered
Updated 62 days ago|11/18/2016 1:17:44 PM
1 Answer/Comment
Special discounts from list prices, granted by manufacturers to different classes of customers, are known as trade discounts.
Added 62 days ago|11/18/2016 1:17:44 PM
This answer has been confirmed as correct, not copied, and helpful.
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