Determine the Amount of Credit to Be Earned on a Full

question 86

Short Answer

Determine the amount of credit to be earned on a full return of merchandise purchased with an invoice price of $5,000 and credit terms of 2/10,n/30 when full payment was made within the discount period.
$ ________

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Definitions:

Regression Equations

Statistical methods used to estimate the relationships among variables, often employed to predict future trends based on historical data.

Intercept

In regression analysis, the constant term that represents the value of the dependent variable when all the independent variables are zero.

Alpha

In finance, a measure of performance on a risk-adjusted basis, calculating the excess return of an investment relative to the return of a benchmark index.

Regression Equation

An equation that describes the average relationship between a dependent variable and one or more explanatory variables.