accounting

posted by Anonymous

can a buyer still avail the 2% discount if he/she partially paid the accounts receivable at the 5th day and the full payment is on the 10th day of the given discount period in this terms: 2/10 n/30?

Respond to this Question

First Name

Your Answer

Similar Questions

  1. accounting

    Y company offers its customers credit of 2/10,n 30. Most customers take advantage of the cash discount, mailing their payment to arrive on the 10th day following the date of the invoice. However X comany, Y largest customer, has recently …
  2. Math

    (Mix and Match) Instructions: choose an item from (a), (b), (c), (d) or (e) that best matches the given problem. Enter your response in the space provided. (a) single equivalent discount (b) amount of discount (c) 3 / 10 , n / 30 (d) …
  3. Business Math

    Import exclusives Ltd. received an invoice dated June 28 from Dansk Specialties of Copenhagen with terms 5/20, n/45: 100 teak trays at $34.30 each; 25 teak ice buckets at $63.60 each; 40 teak salad bowls at $54.50 each. All items are …
  4. Business Math - Please Help is Possible!

    Import exclusives Ltd. received an invoice dated June 28 from Dansk Specialties of Copenhagen with terms 5/20, n/45: 100 teak trays at $34.30 each; 25 teak ice buckets at $63.60 each; 40 teak salad bowls at $54.50 each. All items are …
  5. accounting

    Exercise 5-3 Analyzing and recording merchandise transactions-both buyer and seller LO P1, P2 Santa Fe Company purchased merchandise for resale from Mesa Company with an invoice price of $16,000 and credit terms of 3/10, n/60. The …
  6. accounts

    I need help in a project on 'accounting process' . It should begin with a storyline in which a buisness have to be chosen(i have chosen a tyres dealer). Then transactions taking place between 1 april 2013 to 30 june 2013(accounting …
  7. Accounting

    stion 8 of 20 5.0 Points Merchandise lists for $5,000 with a trade discount of 10% and terms of 5/30, 3/60, n/90. If the purchaser is invoiced on April 12th and payment is made on June 10th, what is the actual amount paid?
  8. Principles of Accounting

    Secret Trails received payment in full within the credit period for horse boarding for $900 plus 6% sales tax. terms of the sale were 2/10, n/30. which entry is required to record this payment?
  9. Accounting

    Determine the amount to be paid in full settlement of each of the following invoices, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period.
  10. accounting

    Please help me to get the answers for these questions in order to help my niece for their assignment answers correctly. thanks Answers as called for show computations and analyses 1.An office machine costing p 20,000 has been used …

More Similar Questions