The Patterson Corporation has received an invoice dated May 1st for $4,000 with credit terms of 3/10, net 60. If the company pays on May 10th day, how much will they need to pay?
Multiple Choice
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$120
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$400
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$3,000
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$3,880
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$4,000
Just in time inventory involves the following main component:
Multiple Choice
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Maximizing Turnover.
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Restocking inventory frequently.
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Supplier agreement.
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Essential component of larger production planning process.
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All of the above.
A fruit seller has apples to sell. They will be selling them to a vendor at the farmers market. The credit terms for this type of product will be long for this type of goods.
True or False