Biology Forums - Study Force

Other Fields Homework Help Accounting Topic started by: bernie2981 on Nov 14, 2015



Title: A company sells goods and offers credit terms of "net 30 days." What does this reveal to the company
Post by: bernie2981 on Nov 14, 2015
A company sells goods and offers credit terms of "net 30 days." What does this reveal to the company that sold the goods?
A) It cannot recognize the sales credit for 30 days.
B) It does not have to ship the goods for 30 days.
C) It offers a 30% discount for customers that use credit cards.
D) The customer has up to 30 days to pay back the seller for the goods purchased without penalty.


Title: Re: A company sells goods and offers credit terms of "net 30 days." What does this reveal to the com
Post by: nuclei on Nov 15, 2015
Content hidden


Title: Re: A company sells goods and offers credit terms of "net 30 days." What does this reveal to the company
Post by: bernie2981 on Dec 1, 2015
Wow! Thank you