1. Sales discounts with terms 2/10, n/30 mean: a. 10 percent discount for payment within 30 days. b. 2 percent discount for payment within 10 days, or the full amount (less returns) due within 30 days. c. Two-tenths of a percent discount for payment within 30 days. d. None of the above. 2. A company has been successful in reducing the amount of sales returns and allowances. At the same time, a credit card company reduced the credit card discount from 3% to 2%. What effect will these changes have on the company's net sales, all other things equal

1. b. 2 percent discount for payment within 10 days, or the full amount (less returns) due within 30 days.

2. Net Sales will Increase.

Explanation:

1. When a company offers Sales discounts with terms 2/10, n/30, it is broken down as follows,

The 2 is the discount in percentage,

The 10 is the number of days you have to pay the company in order to receive the discount

n/30 is the total amount of days you have to pay the company if you had been unable to do so in those first 10 days. Paying within this period after the first 10 days does not entitle you to thw discount.

Therefore the above sales discount terms offered are a 2 percent discount for payment within 10 days, or the full amount (less returns) due within 30 days.

2. Sales returns and Sales Allowances have the effect of reducing the net sales figure as goods are returned and risk has to be dealt with. If they reduce therefore, the net sales figure rises.

A reduction in the discount by the credit card company also leads to a Rise in sales because it reduces the amount that the company has to give in discounts thereby increasing the amount made per sale/ transaction.

If you need any further clarification, do comment. Cheers.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know