If a firm with credit terms of 2/10 net 30 were to change its terms to 2/10 net 60, the result would
probably be
A) a reduction in safety stock.
B) increased accounts receivable turnover.
C) more customers would take advantage of the cash discount.
D) fewer customers would take advantage of the cash discount.
D
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When an adverse possessor has fulfilled the requirements of being open and notorious, uninterrupted for at least five years, has a claim of rights, is hostile to the owner's intent, and has paid property taxes for five or more years this is called adverse possession. When does the adverse possessor receive legal title to the property?
a. Legal title to the property is transferred by court order b. When the adverse possessor signs a quitclaim deed c. When he purchased the property d. Never
Which of the following best explains why you cannot use the price of rolled oats at a local supermarket as the competitive market value of rolled oats?
A) You can buy the oats at the price posted by the store, but the store will not buy oats from you for the same price. B) The posted prices of oats can vary widely between grocery stores, even within the same local area. C) Grocery stores mark up the prices of their oats up to make a profit. D) Grocery stores typically sell oats in different packaging, which results in different prices within the same store.