What do trade credit terms of "2/15, net 30" mean to a buyer?
a. A discount of 20 percent is offered if the bill is paid within 150 days; otherwise, the entire amount is due within 300 days.
b. A discount of 20 percent is offered if the bill is paid within 15 days; otherwise, the entire amount is due within 30 days.
c. A discount of 1 percent is offered if the bill is paid within 10 days; otherwise, the entire amount is due within 30 days.
d. A discount of 2 percent is offered if the bill is paid within 15 days; otherwise, the entire amount is due within 30 days.
e. A discount of 2 percent is offered if the bill is paid within 30 days; otherwise, the entire amount is due within 15 days.
d. A discount of 2 percent is offered if the bill is paid within 15 days; otherwise, the entire amount is due within 30 days.
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A limited partner (LP) invests $100,000 in a limited partnership with a nonrecourse note for $300,000. The partnership liquidates and the LP receives $100,000. His loss for tax purposes is:
A) 0 B) 100000 C) 300000 D) 200000
For a firm that competes internationally to sell its products, a depreciation of its domestic currency relative to markets where the firm exports goods, should eventually result in ________ sales at home and ________ sales abroad, other things equal
A) fewer; greater B) fewer; fewer C) greater; greater D) greater; fewer