Quiz 9: Finance: Acquiring and Using Funds to Maximize Value
If an Invoice Lists the Terms 2/10 Net 30, It
If an invoice lists the terms 2/10 net 30, it means that the supplier is offering a 10 percent cash discount off the invoice price if the buyer pays within 2 days.
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Benny-Duke Inc.reported a net income of $7 million but paid no dividends to its shareholders. The shareholders should sue the company for failure to provide a return on their equity investment.
A disadvantage of debt financing is that creditors often impose covenants on the borrower.
Cash equivalents are long-term, unsecured but highly liquid assets that firms list in the fixed assets section on their balance sheet.
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