What is the effective annual cost of credit terms of 3/15 net 30, if the firm stretches the accounts payable to 60 days?

The ________ is a legal contract that defines responsibility for goods that are in transit

A) bill of lading B) packing slip C) back order D) picking list

Leverage Corporation sells two products: Regular and Supreme. Leverage sells three Regulars for every two Supremes. The Regular sells for $20 each with variable costs of $11 each, whereas the Supreme sells for $25 each with variable costs of $15 each. If fixed costs are $21,000, what is the breakeven point in units?

A. 1,167 units of each B. 1,050 units of each C. 1,340 units of Regular and 894 units of Supreme D. 894 units of Regular and 1,340 units of Supreme