SLO-5.3. If the credit terms are 2/10, n/30, the credit period is days. 010 030 02 OIndefinite
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- What is the amount received by partially secured creditor? A. P40,000B. P60,000C. P70,000D. P65,000In the payment term 5/10, n/30, the number '10’ represents _________________. a. Length of discount period b. Length of credit period c. Cash discount d. Net amountWhat do credit terms of 4/10, n/30 mean in regard to a purchase?
- How do I record this transaction; Issues credit memo to Targhee Co., $27500, terms FOB shipping point, 1/10, n/30?If the note payable has total credits of RO 500 and total debits of RO 120, how much is its balance? a. RO 620 b. RO 500 c. RO 120 d. RO 380If a credit card you are interested in has an APR of 16%, what would the Daily Periodic Rate (DPR) be? (express your answer as a percent and as a decimal) O.0438% = .000438 O 000438% = .0438 O.16% = .0016 O 1.33% = 1.33
- 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 of the cash discount )d. full amount of the invoiceIn 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 days in the discount period1. credit terms :5, 1/15, n/45. Up to what date the discount period if sold Feb 19? 2. credit terms : EOM. When will be the maturity period if purchase Feb 19?
- The following events occur for Messer Engineering during 2024 and 2025, its first two years of operations. February 2, 2024 July 23, 2024 Provide services to customers on account for $37,400. Receive $26,500 from customers on account. Estimate that 30% of uncollected accounts will not be received. Provide services to customers on account for $50,400. Receive $6,000 from customers for services provided in 2024. December 31, 2024 April 12, 2025 June 28, 2025 September 13, 2025 October 5, 2025 December 31, 2025 Write off the remaining amounts owed from services provided in 2024. Receive $44,500 from customers for services provided in 2025. Estimate that 30% of uncollected accounts will not be received.If a credit card you are interested in has an APR of 24%, what would the Daily Periodic Rate (DPR) be? Express your answer as a percent. A. .000658% B. . 0658% C. . 24% D. 2%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
