The credit period is:
A) Always shorter than the discount period
B) Always 30 days from end of discount
C) Always twice the length of discount period
D) Long enough so buyers can always take a cash discount
E) None of these
Correct Answer:
Verified
Q52: The net price equivalent rate of 9/15/18
Q53: FOB shipping point means:
A)Seller pays the cost
Q54: The complement of 35% is:
A)53%
B)65%
C)56%
D)165%
E)None of these
Q55: An invoice dated March 6 with terms
Q56: 2/10, n/30 is an example of:
A)Ordinary dating
B)Receipt
Q58: The single equivalent discount rate of the
Q59: Amount of trade discount equals:
A)List price ×
Q60: Roland Corporation buys stoves from a wholesaler.
Q61: Match the following terms with their definitions.
-List
Q62: The net price equivalent rate of 3/7/13
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