Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. bumpting inc. offers credit terms of 2/10, net 30

Bumpting Inc. offers credit terms of 2/10, net 30 If a customer bought $100,000 worth...

70.2K

Verified Solution

Question

Accounting

Bumpting Inc. offers credit terms of 2/10, net 30

If a customer bought $100,000 worth of goods and paid the firm within 6 days, how much cash would Bumpting receive?

*95000

*100000

*98000

If the customer paid off the account after 20 days, how much cash would the Bumptings get?

*95000

*100000

*98000

If 20% of Bumptings customers pay within 10 days and the rest take an average of 35 days to pay off their accounts what will be the firm's average collection period?

*30 days

*32 days

*28 days

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Geometry
1.2K views

For each triangle check all that apply Triangle A 15 15 Scalene Isosceles O Equilateral...

Basic Math
1.2K views

The unit cost in dollars to produce tubs of ice cream is 5 and the...

Finance
1.2K views

19. What is a call option? A. Right to sell stock at a pre-determined price B....

Statistics
1.2K views

For this problem, carry at least four digits after the decimal in your calculations. Answers may...

Biology
1.2K views

12. What is the primary aim of the scientific method? A. To formulate a hypothesis B....

Advance Math
1.2K views

Need the detailed calculation process about why at the same BER condition, BPSK is 3dB more...

Basic Math
1.2K views

Given ZTVS ZTVU VT bisects STU Prove SV UV S V T Statement Reason

Basic Math
1.2K views

8 00 AM 9 00 AM 10 00 AM 11 00 AM 80 140 180...

Accounting
1.2K views

Assume the following: The standard price per pound is $2.00. The standard quantity...

Accounting
1.2K views

Which ONE of the following statements BEST describes investing activities? Activities related to...

Accounting
1.2K views

Entries for Factory Costs and Jobs Completed Collegiate Publishing Inc. began printing operations on March...

Finance
1.2K views

The arithmetic average of-13%,19%, and 24% ls 18.67% O 10.00% O 14.33% 750%