In credit terms of 3/15 n/45 the 3 represents

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WebJan 16, 2024 · In credit terms of 3/15, n/45, the "3" represents the:a. number of days in the discount periodb. full amount of the invoicec. number of days when the entire amount is … WebStudy with Quizlet and memorize flashcards containing terms like Using a perpetual inventory system, the entry to record the return from a customer of merchandise sold on …

In credit terms of 3/15, n/45, the "3" represents the: a. number of ...

WebQuestion: In credit terms of 3/15, n/45, the "3" represents the a. full amount of the invoice b. number of days in the discount period c. number of days when the entire amount is due d. percent of the cash discount This problem has been solved! You'll get a detailed solution from a subject matter expert that helps you learn core concepts. WebIn credit terms of 3/15, n/45. the "3" represents the number of days in the discount period full amount of the invoice number of days when the entire amount is due percent of the cash discount This problem has been solved! You'll get a detailed solution from a subject matter expert that helps you learn core concepts. See Answer highest rated cashmere sweaters

(Solved) - In credit terms of 3/15, n/45, the "3" represents the number …

WebA customer purchases 55 units of the 4-in-1 desktop printers on October 1 on credit. Terms of the sale are 10/15, n/40, with an invoice date of October 1. On October 6, the customer returned 10 of the printers to CBS for a full refund. ... The chart in Figure 6.12 represents the journal entry requirements based on various merchandising sales ... WebIn credit terms of 3/15, n/45, “3” represents “15” represents n/45 represents 6. On 1 - 4 - 2024 Ms. Bushra Al Khair LLC buys 150 Apple phone @ 225 each from a local supplier. The supplier offers a trade discount of 5% on amounts in excess of RO 10,000 (i.e. the trade discount does not apply to the first RO 10,000). WebIn credit terms of 3/15, n/45, the "3" represents the. A. number of days in the discount period. B. full amount of the invoice. C. number of days when the entire amount is due. D. … how hard is it to learn italian after spanish

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[Solved] 18. In credit terms of 3/15, n/45, the "3 SolutionInn

WebDec 18, 2024 · In credit terms of 3/15, n/45, the "3" represents the number of days in the discount period full amount of the invoice number of days when the entire amount is due percent of the cash discount Merchandise with a sales price of $5,000 is sold on account with term. 2/10. n/30. WebTranscribed Image Text: In credit terms of 3/15, n/45, the "3" represents the Oa. number of days in the discount period Ob. number of days when the entire amount is due Oc. percent … highest rated catalytic convertersWebQ: In the credit terms of 3/15, n/45, the "3" represents the Number of days when the entire amount… A: Credit terms: Credit terms are the terms of payment offered by the seller to the buyer. Q: 10) Compute the simple interest and final amount of each loan Principal Rate Time A P 400 7% 1 year… how hard is it to learn hindi

"WebA. credit terms B. net cash C. cash on demand D. gross cash. 111. In credit terms of 3/15, n/45, the "3" represents the A. number of days in the discount period B. full amount of the invoice C. number of days when the entire amount is due D. percent of the cash discount. A. debit to Cash for $6,000 B. Debit to Sales Discounts for $120 " - In credit terms of 3/15 n/45 the 3 represents

In credit terms of 3/15 n/45 the 3 represents

WebOct 12, 2024 · In credit terms of 3/15, n/45, the 3 represents the See answer Advertisement AlphaWolf294 Answer: The 3 represents the percentage of cash discount. It means the cardholder will receive a 3% discount if the bill is paid within 15 days from the billing date. Advertisement Advertisement WebIn credit terms of 3/15, n/45, the "3" represents the: a. number of days in the discount period b. full amount of the invoice c. number of days when the entire amount is due d. percent …

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WebIn credit terms of 3/15, n/45. the "3" represents the number of days in the discount period full amount of the invoice number of days when the entire amount is due percent of the … WebF 11. A credit term of “2/10, n/30” means that the buyer may deduct 2% from the invoice if payment is made within 10 days from the end of the month. ... n/30 March 15 c. 20% 3/10, n/30 March 12 d. 40%;20% 1/10, n/30 March 8 e. 0 n/30 March 26. Required: For each of the sales terms, determine the following: 1. The amount to be recorded as ...

WebA typical net 30 credit term means the balance is due within 30 days from the invoice date. A 2/10 net 30 (also known as 2 10 net 30) means the balance will be discounted by 2% if the buyer makes a payment within the first ten days. So the “2” represents the discount amount (2%) and the “10” represents the due date (10 days out). WebIn the credit terms of 3/15, n/60, the “15” represents the a. number of days in the discount period. b. percent of the cash discount. c. full amount of the invoice. d. number of days when the entire amount is due Expert Solution Want to see the full answer? Check out a sample Q&A here See Solution star_border

WebTranscribed Image Text: In credit terms of 3/15, n/45, the "3" represents the Oa. full amount of the invoice Ob. number of days in the discount period Oc. number of days when the entire amount is due Od. percent of the available discount for early payment 4 Expert Solution Want to see the full answer? Check out a sample Q&A here See Solution Dec 11, 2024 ·

WebJul 8, 2024 · The “15” represents the number of days in which the cash discount is valid. The “n” represents the total net amount of the invoice. The “45” represents the number of days …

WebIn the credit terms of 3/15, n/45, the "3" represents the a. Number of days when the entire amount is due b. Full amount of the invoice c. Percent of the cash discount d. Number of … highest rated cat boardingWeb2.9K views, 104 likes, 14 loves, 50 comments, 25 shares, Facebook Watch Videos from 3FM 92.7: 3FM Sunrise Sports is live with Kelvin Owusu Ansah highest rated cat fountainWebJan 9, 2024 · In credit terms of 3/15, n/45, the "3" represents the percent of the cash discount.. What does Credit terms mean? Credit terms refer to the conditions that must be met in order for credit to be extended to a customer. These terms may include the amount of credit given, payment due dates, interest rates, and other factors.For example, a credit … highest rated catholic charitiesWebDec 11, 2024 · In credit terms of 3/15, n/45, the "3" represents the a. Number of days in the discount period b. Full amount of the invoice c. Number of days when the entire amount is due d. Percent of the cash discount. Show full question Answer + 20 Watch For unlimited access to Homework Help, a Homework+ subscription is required. Read by 5 people highest rated catfish episodeWebIndication "2/10, n/30" (or "2/10 net 30") on an invoice represents a cash (sales) discount provided by the seller to the buyer for prompt payment. The term 2/10, n/30 is a typical credit term and means the following: "2" shows the discount percentage offered by the seller. "10" indicates the number of days (from the invoice date) within which ... highest rated catfish poleWebWhat is the entry to record the cash received on a sale of 500, credit terms 1/15, n/30, if the payment is received within the discount period? a. Accounts Receivable 500 DR; Cash 500 CR b. ... In the credit terms of 3/15, n/45, the "3" represents the a. Number of days when the entire amount is due b. Full amount of the invoice c. Percent of ... how hard is it to learn shorthandWebQ: In the credit terms of 3/15, n/45, the "3" represents the a. Number of days when the entire amount… A: Credit terms: Credit terms are the terms of payment offered by the seller to the buyer. Q: An invoice dated June 27 for P20, 850 carried a cash discount of 5/30. If this invoice is paid on… how hard is it to learn kalimba