Export Ltd

question 59

Essay

Export Ltd. received an invoice dated August 21 from Dutch Specialties of Amsterdam with terms 5/20, n/45 for: All items are subject to trade discounts of 33.5%, 7.125%, 4%.
a)What is the last day of the discount period?
b)What is the amount due if the invoice is paid in full on September 6?
c)If only a partial payment is made on the last day of the discount period, what amount is due to reduce the outstanding balance to $1500.00?

Understand the factors driving Chinese firms' expansion into the United States.

Identify and explain the concept of open markets and their implications.

Recognize the specific elements that comprise the external environment of businesses.

Analyze the impacts of trade agreements (like NAFTA) and operations (like maquiladoras) on member countries and border regions.

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Definitions:

CFO

Chief Financial Officer; a senior executive responsible for managing the financial actions of a company.

Costs and Expenses Forecast

An estimate of future costs and expenses that a business expects to incur over a specific period, often used for budgeting and financial planning purposes.

Additional Shifts

Extra work periods added to a company's regular schedule to increase production or cover demand.

Financial Plan

A comprehensive evaluation of an individual's or organization's current pay and future financial state by using current known variables to predict future income, asset values, and withdrawal plans.