Manitoba Supply offers their customers trade credit with terms 2/15 net 30.This implies that:
A) the annual financing cost of failing to pay within 15 days is about 48%.
B) most customers will pay their bill within 2 days in order to take the maximum discount.
C) Manitoba's customers have very little incentive to pay within the discount period.
D) paying within 30 days will let a customer deduct 15% off the invoice price.
Correct Answer:
Verified
Q10: A loan that requires the borrower to
Q11: Lancer Wholesale Company wants to improve cash
Q12: The rate of return a company must
Q13: The financial manager of Caroline Graphics negotiated
Q14: Which of the following companies faces the
Q16: Acquiring funds through borrowing represents:
A)speculative capital.
B)venture capital.
C)equity
Q17: In comparing the roles of accounting and
Q18: _represents funds acquired for major purchases that
Q19: Obtaining long-term financing:
A)is generally not available to
Q20: Equity financing comes from the_ of the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents