A cash discount is an incentive allowed for the speedy recovery of income.

A cash discount is an incentive allowed for the speedy recovery of income.
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State whether the following statement are true or false with reason : A cash discount is an incentive allowed for the speedy recovery of income.
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How fast are speedy cash advances?

Description : How fast are speedy cash advances?

Last Answer : Speedy cash advances vary from place to place. Some will give you money the same day others make you wait one to two days. Call around and check for yourself. Good luck.

Will a speedy cash advance give me a check or cash?

Description : Will a speedy cash advance give me a check or cash?

Last Answer : It can depend greatly on the business in question. Some will give you cash on the spot and others will give a check. Check with the specific business you plan to use and ask them their policy on the matter.

Speedy Bike Company received a $940 check from a customer for the balance due. The transaction was erroneously recorded as a debit to Cash $490 and a credit to Service Revenue $490. The correcting entry is a. debit Cash, $940; credit Accounts Receivable, $940. b. debit Cash, $450 and Accounts Receivable, $490; credit Service Revenue, $940. c. debit Cash, $450 and Service Revenue, $490; credit Accounts Receivable, $940. d. debit Accounts Receivable, $940; credit Cash, $450 and Service Revenue, $490.

Description : Speedy Bike Company received a $940 check from a customer for the balance due. The transaction was erroneously recorded as a debit to Cash $490 and a credit to Service Revenue $490. The ... Receivable, $940. d. debit Accounts Receivable, $940; credit Cash, $450 and Service Revenue, $490.

Last Answer : c. debit Cash, $450 and Service Revenue, $490; credit Accounts Receivable, $940.

As an incentive for customers to pay their accounts promptly, a business may offer its customers a. a sales discount. b. free delivery. c. a sales allowance. d. a sales return.

Description : As an incentive for customers to pay their accounts promptly, a business may offer its customers a. a sales discount. b. free delivery. c. a sales allowance. d. a sales return.

Last Answer : a. a sales discount.

Cash discount allowed to a debtor should be credited to a) Discount account b)Customer’s account c) Sales account d) Cash account

Description : Cash discount allowed to a debtor should be credited to a) Discount account b)Customer’s account c) Sales account d) Cash account

Last Answer : b)Customer’s account

The risk of fraudulent financial reporting increases in the presence of a. Substantial increases in sales. b. Incentive systems based on operating income. c. Improved control systems. d. Frequent changes in suppliers.

Description : The risk of fraudulent financial reporting increases in the presence of a. Substantial increases in sales. b. Incentive systems based on operating income. c. Improved control systems. d. Frequent changes in suppliers.

Last Answer : Incentive systems based on operating income.

Capital formation in underdeveloped countries is a major bottleneck. The reason can be a. Small size of market with no incentive for investment b. Low level of income c. Demonstration effect d. All the above

Description : Capital formation in underdeveloped countries is a major bottleneck. The reason can be a. Small size of market with no incentive for investment b. Low level of income c. Demonstration effect d. All the above

Last Answer : d. All the above Capital formation refers to investment in tools, machinery, buildings etc. inequalities in the economy is also a reason behind this.

The claim for escalation for price and export incentive shall be deemed to be income of …………. a) Previous year, if reasonable certainty for realization is involved b) Current year, if realization certainty involved c) At the option of the assessee stating valid reasons d) All of the options are incorrect

Description : The claim for escalation for price and export incentive shall be deemed to be income of . a) Previous year, if reasonable certainty for realization is involved b) Current year, if realization ... c) At the option of the assessee stating valid reasons d) All of the options are incorrect

Last Answer : a) Previous year, if reasonable certainty for realization is involved

Capital formation in underdeveloped countries is a major bottleneck. The reason can be A. Small size of market with no incentive for investment B. Low level of income C. Demonstration effect D. All the above

Description : Capital formation in underdeveloped countries is a major bottleneck. The reason can be A. Small size of market with no incentive for investment B. Low level of income C. Demonstration effect D. All the above

Last Answer : D. All the abov

Who is faster, the Road Runner or Speedy Gonzalez?

Description : Who is faster, the Road Runner or Speedy Gonzalez?

Last Answer : Tyreek Hill.

Anyone care to join me in a quiet prayer for Jeret "Speedy" Peterson?

Description : Anyone care to join me in a quiet prayer for Jeret "Speedy" Peterson?

Last Answer : Not to sound cold, but it won’t help at this point.

What is the speedy trial right in California for a felony?

Description : What is the speedy trial right in California for a felony?

Last Answer : Under the 6th Amendment to the U.S Constitution, the specifiedamount of time for a "Speedy Trial" isn't universal. The length ofthe trial or investigation must only be "reasonable".Generally, ... trials can easily last 2-3 years withoutraising concerns; however most are settled within a few months.

Speedy Passport Renewal?

Description : Speedy Passport Renewal?

Last Answer : Essential details are usually overlooked when planning for an international holiday. It takes very little time to check the expiry date of the passport. Getting a speedy passport renewal can save one ... also be submitted. Set aside funds for the process. Feel free to seek professional assistance.

What is the role of "Ombudsman" in a bank? (1) To provide quality and speedy redressal of grievances of customers. (2) To provide suggestions for innovative schemes in the banks. (3) To inspect the internal working of the branches. (4) To monitor the poverty alleviation programmes under-taken by or implemented by the bank.

Description : What is the role of "Ombudsman" in a bank? (1) To provide quality and speedy redressal of grievances of customers. (2) To provide suggestions for innovative schemes in the banks. (3) To ... the branches. (4) To monitor the poverty alleviation programmes under-taken by or implemented by the bank.

Last Answer : (1) To provide quality and speedy redressal of grievances of customers. Explanation: The Banking Ombudsman Scheme enables an expeditious and inexpensive forum to bank customers for resolution of complaints relating ... Section 35 A of the Banking Regulation Act, 1949 by RBI with effect from 1995.

Which of the following are Advantages of Online Advertising? A. No time or demographic constraints on delivering the online advertise B. Online advertising is promotional as well as informational C. It brings speedy outcomes D. All of the above

Description : Which of the following are Advantages of Online Advertising? A. No time or demographic constraints on delivering the online advertise B. Online advertising is promotional as well as informational C. It brings speedy outcomes D. All of the above

Last Answer : D. All of the above

Excessive camber on pavements may cause (A) Deterioration of central portion (B) Slip of the speedy vehicles towards the edges (C) Erosion of the berms (D) All the above

Description : Excessive camber on pavements may cause (A) Deterioration of central portion (B) Slip of the speedy vehicles towards the edges (C) Erosion of the berms (D) All the above

Last Answer : Answer: Option D

State any four precast non-structural components that can be used for speedy construction.

Description : State any four precast non-structural components that can be used for speedy construction.

Last Answer : 1. Architectural Precast 2. Insulated Architectural Cladding 3. Insulated Wall Panels 4. Column Covers 5. Precast Concrete Light Wall 6. Precast Concrete Spandrels 7. Precast Concrete Solid Walls 8. Stormwater Deflector 9. Façade 10. Concrete panels for partition walls 11. Concrete planks

Firewall as part of a router program a. filters only packets coming from internet b. filters only packets going to internet c. filters packets travelling from and to the intranet from the internet d. ensures rapid traffic of packets for speedy e-Commerce

Description : Firewall as part of a router program a. filters only packets coming from internet b. filters only packets going to internet c. filters packets travelling from and to the intranet from the internet d. ensures rapid traffic of packets for speedy e-Commerce

Last Answer : c. filters packets travelling from and to the intranet from the internet 

The objective of Descriptive Research is Options: A) To identify and focus on the present conditions B) To study the subject on phenomenon in a speedy manner C) To collect the facts D) All the above

Description : The objective of Descriptive Research is Options: A) To identify and focus on the present conditions B) To study the subject on phenomenon in a speedy manner C) To collect the facts D) All the above

Last Answer : D) All the above 

What is the role of “Ombudsman” in a bank? (1) To provide quality and speedy redressal of grievances of customers. (2) To provide suggestions for innovative schemes in the banks. (3) To inspect the internal working of the branches. (4) To monitor the poverty alleviation programmes undertaken by or implemented by the bank.

Description : What is the role of Ombudsman in a bank? (1) To provide quality and speedy redressal of grievances of customers. (2) To provide suggestions for innovative schemes in the banks. (3) To ... of the branches. (4) To monitor the poverty alleviation programmes undertaken by or implemented by the bank.

Last Answer : To provide quality and speedy redressal of grievances of customers.

Complete the following table : Discount Allowed

Description : Complete the following table : Discount Allowed

Last Answer : Complete the following table : Discount Allowed debit Balance Discount Received ?

The discount allowed is a real account.

Description : The discount allowed is a real account.

Last Answer : State whether the following statement are ‘True or False’ with reason : The discount allowed is a real account.

Trade discount is allowed for prompt payments.

Description : Trade discount is allowed for prompt payments.

Last Answer : Trade discount is allowed for prompt payments.

In a perpetual inventory system, the amount of the discount allowed for paying for merchandise purchased within the discount period is credited to a. Merchandise Inventory. b. Purchase Discounts. c. Purchase Allowance.

Description : In a perpetual inventory system, the amount of the discount allowed for paying for merchandise purchased within the discount period is credited to a. Merchandise Inventory. b. Purchase Discounts. c. Purchase Allowance.

Last Answer : a. Merchandise Inventory.

Profit and Loss Account debit side includes A. Salary B. Discount allowed C. Postage & telegram D. All of the above

Description : Profit and Loss Account debit side includes A. Salary B. Discount allowed C. Postage & telegram D. All of the above

Last Answer : D. All of the above

A marked price of a Chair is Rs 480. The seller offered the discount of 25% and gain 50%. If no discount is allowed, find his gain percentage?

Description :  A marked price of a Chair is Rs 480. The seller offered the discount of 25% and gain 50%. If no discount is allowed, find his gain percentage? 

Last Answer : MP= Rs. 480,discount= 25% SP= 480*75/100 = 360 CP= 360* 100/150= 240 Required %= (480-240)/240*100 = 100%

If 20% discount is allowed on the marked price then the profit is 40%. If the discount is increased to 40% then what will be the profit percentage?

Description : If 20% discount is allowed on the marked price then the profit is 40%. If the discount is increased to 40% then what will be the profit percentage?

Last Answer :  cp=100% profit=40% selling price= 140% marked price = 140% mp=140*100/80= 175 40%discount in mp= 175 *60/100 New sp=105 new profit%= new sp-cp/cp *100 =105-100/100*100 =5

The payback method for the measurement of return on investment (A) Gives a correct picture of profitability (B) Underemphasises liquidity (C) Does not measure the discounted rate of return (D) Takes into account the cash inflows after the recovery of investments

Description : The payback method for the measurement of return on investment (A) Gives a correct picture of profitability (B) Underemphasises liquidity (C) Does not measure the discounted rate of return (D) Takes into account the cash inflows after the recovery of investments

Last Answer : (C) Does not measure the discounted rate of return

What was the biggest savings you ever got on the "cash payment no receipt required" discount?

Description : What was the biggest savings you ever got on the "cash payment no receipt required" discount?

Last Answer : Good luck suing without a receipt. I have no objecting to dealing on the grey or black market, and do so whenever I can get away with it. But on high-ticket trades work, there are simply too many ... a certified union journeyman (and chances are sie wouldn't do a cash deal), I wouldn't risk it.

Cash Discount What ?

Last Answer : The rest Sold out Product Price Specific Of time In Realization To do For Creditors His Total Debts From That Amount Money Debtor Who Discount Gives Him Cash Discount Says.

Trade discount is calculated after cash discount while calculating discount on purchase or sales.

Description : Trade discount is calculated after cash discount while calculating discount on purchase or sales.

Last Answer : Correct the following statement and rewrite the statement : Trade discount is calculated after ... while calculating discount on purchase or sales.

What is Cash Discount?

Description : What is Cash Discount?

Last Answer : What is Cash Discount?

If he Central Bank wants to encourage an increase in the supply of money and decrease in the cost of borrowing money, it should - (1) lower cash reserve ratio (2) raise discount rates (3) sell government securities (4) All of the above

Description : If he Central Bank wants to encourage an increase in the supply of money and decrease in the cost of borrowing money, it should - (1) lower cash reserve ratio (2) raise discount rates (3) sell government securities (4) All of the above

Last Answer : (1) lower cash reserve ratio Explanation: When the Central Bank of a country intends to increase money supply, it should lower the Cash Reserve Ratio. A decrease in CRR helps the commercial banks to ... the amount of Bank deposits and they will lend more as they have more amount as their reserve.

Which of the following is true? A. Discounted cash flow analysis is the least precise of the cash flow techniques, because it does not consider the time value of money. B. NPV is the least precise of the cash flow analysis techniques, because it assumes reinvestment at the discount rate. C. Payback period is the least precise of the cash flow analysis techniques, because it does not consider the time value of money. D. IRR is the least precise of the cash flow analysis techniques, because it assumes reinvestment at the cost of capital.

Description : Which of the following is true?  A. Discounted cash flow analysis is the least precise of the cash flow techniques, because  it does not consider the time value of money. B. NPV is ... least precise of the cash flow analysis techniques, because it assumes  reinvestment at the cost of capital.

Last Answer : C. Payback period is the least precise of the cash flow analysis techniques, because it  does not consider the time value of money.

Which of the following statements is incorrect regarding a normal project? A. If the NPV of a project is greater than 0, then its PI will exceed 1. B. If the IRR of a project is 8%, its NPV, using a discount rate, k, greater than 8%, will be less than 0.C. If the PI of a project equals 0, then the project's initial cash outflow equals the PV of its cash flows. D. If the IRR of a project is greater than the discount rate, k, then its PI will be greater than 1.

Description : Which of the following statements is incorrect regarding a normal project? A. If the NPV of a project is greater than 0, then its PI will exceed 1. B. If the IRR of a project is 8%, its NPV, using ... the IRR of a project is greater than the discount rate, k, then its PI will be greater than 1.

Last Answer : D. If the IRR of a project is greater than the discount rate, k, then its PI will be greater than 1.

The collection of a $900 account after the 2 percent discount period will result in a a. debit to Cash for $882. b. debit to Accounts Receivable for $900. c. debit to Cash for $900. d. debit to Sales Discounts for $18.

Description : The collection of a $900 account after the 2 percent discount period will result in a a. debit to Cash for $882. b. debit to Accounts Receivable for $900. c. debit to Cash for $900. d. debit to Sales Discounts for $18.

Last Answer : c. debit to Cash for $900.

The collection of a $600 account within the 2 percent discount period will result in a a. debit to Sales Discounts for $12. b. debit to Accounts Receivable for $588. c. credit to Cash for $588. d. credit to Accounts Receivable for $588.

Description : The collection of a $600 account within the 2 percent discount period will result in a a. debit to Sales Discounts for $12. b. debit to Accounts Receivable for $588. c. credit to Cash for $588. d. credit to Accounts Receivable for $588.

Last Answer : a. debit to Sales Discounts for $12.

The entry to record the receipt of payment within the discount period on a sale of $750 with terms of 2/10, n/30 will include a credit to a. Sales Discounts for $15. b. Cash for $735. c. Accounts Receivable for $750. d. Sales for $750.

Description : The entry to record the receipt of payment within the discount period on a sale of $750 with terms of 2/10, n/30 will include a credit to a. Sales Discounts for $15. b. Cash for $735. c. Accounts Receivable for $750. d. Sales for $750.

Last Answer : c. Accounts Receivable for $750.

If a company is given credit terms of 2/10, n/30, it should a. hold off paying the bill until the end of the credit period, while investing the money at 10% annual interest during this time. b. pay within the discount period and recognize a savings. c. pay within the credit period but don't take the trouble to invest the cash while waiting to pay the bill. d. recognize that the supplier is desperate for cash and withhold payment until the end of the credit period while negotiating a lower sales price.

Description : If a company is given credit terms of 2/10, n/30, it should a. hold off paying the bill until the end of the credit period, while investing the money at 10% annual interest during ... desperate for cash and withhold payment until the end of the credit period while negotiating a lower sales price.

Last Answer : b. pay within the discount period and recognize a savings.

A company has to choose between two projects whose cash flows are as indicated below; Project 1: i. Investment – Rs. 15 Lakhs ii. Annual cost savings – Rs. 4 lakhs. iii. Bi-annual maintenance cost – Rs. 50,000/- iv. Reconditioning and overhaul during 5th year: 6 lakhs v. Life of the project – 8 years vi. Salvage value – Rs. 5 lakhs Project 2: vii. Investment – Rs. 14 Lakhs viii. Annual cost savings – Rs. 3.5 lakhs. ix. Annual Maintenance cost – Rs. 20,000/- x. Reconditioning and overhaul during 4th year: 5 lakhs xi. Life of the project – 8 years xii. Salvage Value- 2 lakhs Which project should the company choose? The annual discount rate is 12

Description :  A company has to choose between two projects whose cash flows are as indicated  below; Project 1:  i. Investment - Rs. 15 Lakhs ii. Annual cost savings - Rs. 4 lakhs. iii. Bi-annual ... years xii. Salvage Value- 2 lakhs Which project should the company choose? The annual discount rate is 12

Last Answer : Year Project 1 Project 2 Outgo Saving NPV Outgo Saving NPV 0 15.0 0 =-15.0 14.0 0 = -14 1 0 4.0 = (4 / (1+.12)1 = 3.571 0.2 3.5 = (3.3 / (1+.12)1 = 2.95 2 0.5 4.0 = (3.5 / (1+.12)2 = 2.79 0.2 3.5 ... (1+.12)8 = 3.43 0.2 5.5  (3.5+2) = (5.3 / (1+.12)8 = 2.14 NPV = + 2.301 @12% = + 0.15

What adjustment is made while using the Discounted Cash Flow method to value cyclical companies? a) Normalize earnings b) Use high discount rate c) Use bank rate for discounting d) Use high growth rate

Description : What adjustment is made while using the Discounted Cash Flow method to value cyclical companies? a) Normalize earnings b) Use high discount rate c) Use bank rate for discounting d) Use high growth rate

Last Answer : a) Normalize earnings

If Ralph Lauren offers to give retailers half the costs they incur in advertising Polo after -shave, the retailers have the option of taking advantage of a(n): A)seasonal discount. B)allowance. C)trade discount. D)noncumulative refund. E)cash discount.

Description : If Ralph Lauren offers to give retailers half the costs they incur in advertising Polo after-shave, the retailers have the option of taking advantage of a(n): A)seasonal discount. B)allowance. C)trade discount. D)noncumulative refund. E)cash discount.

Last Answer : B)allowance.

If Tailormaid offers to reduce the price of its women's blazers when retailers buy over one hundred pieces, the manufacturer is offering a __________ discount. A)quantity B)cash C)seasonal D)trade

Description : If Tailormaid offers to reduce the price of its women's blazers when retailers buy over one hundred pieces, the manufacturer is offering a __________ discount. A)quantity B)cash C)seasonal D)trade

Last Answer : A)quantity

If Nordica offered a 25 percent discount to retailers that ordered ski boots in February for delivery in May, the retailer would have the option of taking advantage of which type of discount? A)Trade B)Cumulative C)Cash D)Quantity E)Seasonal

Description : If Nordica offered a 25 percent discount to retailers that ordered ski boots in February for delivery in May, the retailer would have the option of taking advantage of which type of discount? A)Trade B)Cumulative C)Cash D)Quantity E)Seasonal

Last Answer : E)Seasonal

The buyer at Exeter Furniture Store is informed that if she will increase her recent order of fifteen mattress sets to twenty, she will receive a 14 percent price reduction. This offer is due to a recent overstock condition at the factory and will not be available in the future. The discount offered here is A)cash. B)noncumulative. C)seasonal. D)trade. E)cumulative.

Description : The buyer at Exeter Furniture Store is informed that if she will increase her recent order of fifteen mattress sets to twenty, she will receive a 14 percent price reduction. This offer is due to a ... future. The discount offered here is A)cash. B)noncumulative. C)seasonal. D)trade. E)cumulative.

Last Answer : B)noncumulative.

What type of discount is given to a purchaser for performing activities such as transporting, storing, and selling? A)Quantity discount B)Cash discount C)Geographic discount D)Service discount E)Trade discount

Description : What type of discount is given to a purchaser for performing activities such as transporting, storing, and selling? A)Quantity discount B)Cash discount C)Geographic discount D)Service discount E)Trade discount

Last Answer : E)Trade discount

If the Central Bank wants to encourage an increase in the supply of money and decrease in the cost of borrowing money, it should (1) lower cash reserve ratio (2) raise discount rates (3) sell government securities (4) All of the above

Description : If the Central Bank wants to encourage an increase in the supply of money and decrease in the cost of borrowing money, it should (1) lower cash reserve ratio (2) raise discount rates (3) sell government securities (4) All of the above

Last Answer :  lower cash reserve ratio

Is there any incentive to NHL teams to deliberately lose a season to get a first round draft pick?

Description : Is there any incentive to NHL teams to deliberately lose a season to get a first round draft pick?

Last Answer : Also throwing games in order to get a new stadium. Is that standard in your region?