Isaac Co. sells merchandise on credit to Sonar Co. in the amount of $9,600. The invoice is dated on April 15 with terms of 1/15, n/45. If Sonar Co. chooses not to take the discount, by when should the payment be made?

Which risk item below is not related to changing economic conditions?

A) Financial risk B) Business cycle risk C) Inflation risk D) Interest-rate risk

Treasury stock

a. purchases can be a severe drain on cash. b. may be preferred stock. c. reduces the assets of a company. d. are all of these.