Credit terms 2/10, net 30 means ________
A) a discount of 10% is granted if payments are done within 30 days
B) a discount of 10% is granted if payments are done within 2 days, net 30 days available
C) a discount of 2% is granted if payments are done within 10 days, net 30 days available
D) a discount of 2% is granted if payments are done within 30 days, beyond which a 10% interest is charged
C
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What is the role of a manufacturer's sales branch in the three-level business distribution channel
structure? A) providing installation services and training staff of customers in operation of sold products B) providing consulting services to assist in the sales of industrial products C) collecting components from many manufacturers and resell them to business customers D) facilitating sales through an indexed catalog of products
Psychics R' Us has a new and unique revenue stream, but they are unsure when to recognize the revenue. Their accountant is unsure as well. In which topic grouping would she find more information about revenue recognition?
A) 6XX B) 7XX C) 8XX D) 9XX