Business
Business, 10.11.2019 18:31, sarahidan

What does "2/10" mean, with respect to "credit terms of 2/10, n/30"?

a. a discount of 2 percent will be allowed if the invoice is paid within 10 days of the invoice date.

b. interest of 10 percent will be charged if invoice is paid after two days.

c. a discount of 10 percent will be allowed if the invoice is paid within two days of the invoice date.

d. interest of 2 percent will be charged if the invoice is paid after 10 days from the date on the invoice?

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Business, 25.06.2019 10:50, angelafisher886
July 1 purchased merchandise from boden company for $6,000 under credit terms of 1/15, n/30, fob shipping point, invoice dated july 1. 2 sold merchandise to creek co. for $900 under credit terms of 2/10, n/60, fob shipping point, invoice dated july 2. the merchandise had cost $500. 3 paid $125 cash for freight charges on the purchase of july 1. 8 sold merchandise that had cost $1,300 for $1,700 cash. 9 purchased merchandise from leight co. for $2,200 under credit terms of 2/15, n/60, fob destination, invoice dated july 9. 11 received a $200 credit memorandum from leight co. for the return of part of the merchandise purchased on july 9. 12 received the balance due from creek co. for the invoice dated july 2, net of the discount. 16 paid the balance due to boden company within the discount period. 19 sold merchandise that cost $800 to art co. for $1,200 under credit terms of 2/15, n/60, fob shipping point, invoice dated july 19. 21 issued a $200 credit memorandum to art co. for an allowance on goods sold on july 19. 24 paid leight co. the balance due after deducting the discount. 30 received the balance due from art co. for the invoice dated july 19, net of discount. 31 sold merchandise that cost $4,800 to creek co. for $7,000 under credit terms of 2/10, n/60, fob shipping point, invoice dated july 31. prepare journal entries to record the above merchandising transactions of blink company, which applies the perpetual inventory system.
Answers: 2
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Business, 09.07.2019 02:30, brethan
July 1 purchased merchandise from boden company for $6,700 under credit terms of 2/15, n/30, fob shipping point, invoice dated july 1. 2 sold merchandise to creek co. for $950 under credit terms of 2/10, n/60, fob shipping point, invoice dated july 2. the merchandise had cost $558. 3 paid $120 cash for freight charges on the purchase of july 1. 8 sold merchandise that had cost $2,000 for $2,400 cash. 9 purchased merchandise from leight co. for $2,900 under credit terms of 2/15, n/60, fob destination, invoice dated july 9. 11 received a $300.00 credit memorandum from leight co. for the return of part of the merchandise purchased on july 9. 12 received the balance due from creek co. for the invoice dated july 2, net of the discount 16 paid the balance due to boden company within the discount period 19 sold merchandise that cost $900.00 to art co. for $1,350.00 under credit terms of 2/15, n/60, fob shipping point, invoice dated july 19 21 issued a $225.00 credit memorandum to art co. for an allowance on goods sold on july 19 24 paid leight co. the balance due after deducting the discount. 30 received the balance due from art co. for the invoice dated july 19, net of discount 31 sold merchandise that cost $5,300.00 to creek co. for $6,900.00 under credit terms of 2/10, n/60, fob shipping point, invoice dated july 31. prepare journal entries to record the following merchandising transactions of blink company, which applies the perpetual inventory system. (round your answers to 2 decimal places.)
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Business, 18.10.2019 21:00, kingcory6230
Which of the following correctly describes credit terms of 2/10, n/30? question 5 options: a two percent discount for early payment is available if the invoice is paid before the tenth day of the month following the month the sale. a two percent discount for early payment is available within ten days of the date of sale. a ten percent discount for early payment is available if the invoice is paid within two days of the date of the invoice. a two percent discount for early payment is available if the invoice is paid after the tenth day, but before the thirtieth day of the invoice date.
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Предмет
Business, 13.11.2019 18:31, arunamvr
Which of the following correctly describes credit terms of 2/10, n/30? multiple choice a two percent discount for early payment is available if the invoice is paid before the tenth day of the month following the month the sale. a ten percent discount for early payment is available if the invoice is paid within two days of the date of the invoice. a two percent discount for early payment is available if the invoice is paid after the tenth day, but before the thirtieth day of the invoice date. a two percent discount for early payment is available if the invoice is paid within ten days of the date of sale.
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What does "2/10" mean, with respect to "credit terms of 2/10, n/30"?

a. a discount of 2...

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