answersLogoWhite

0


Best Answer

in order to receive the discount payment is to be made by the 15th of the following month(depending upon the cutoff date being used) otherwise, payment is to be made in 60 days from the discount date.

Ex. Based on a 25th cut-off

invoice date 9/1 has until 10/15 for discount or 12/15 without discount.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are payment terms 15th Prox plus 60?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Accounting

Can you stop payment on a check if its going to over draw your account?

Yes, you can do a stop payment. However, the bank where you issue the stop payment will charge a fee for doing so. Plus, the person to whom you gave the check can sue you for non-payment of money and file a legal complaint against you to the police. This can cause you to be arrested.


When typing a proposal that we are quoting wholesale prices plus a fee shipping and sales tax what do we put by the wholesale amount to define what kind of price it is?

It's quite simple. Whether your doing a Formal or Informal Proposal, here is an example of what you need to include in your proposal: * Original Retail Value * Wholesale Price * Description of the Product * Shipping Fees * What is your City's Current Tax % * Discounts Given / Coupons * All fees associated with the sale * Payment Terms: On Demand or Net 30/60/90/120 Days * Payment Methods You Accept: T/T, Cash, Credit Card, Money Order, Cashier's Check, etc... * Return Policy (If Applicable) * Any additional terms... Essentially, you need to outline all of your terms. No surprises. This way, your buyer will know exactly what to expect. Plus, your customer can rebuttal and/or negotiate for better terms, if need be. This is the art of business!


What does extra 30 mean when the terms are 2 slash10 net 30 extra 30?

2/10, net 30, extra 30 means that the payment should be made in 30 days in 30 days after the invoice date, if it is paid in 10 days after the invoice date plus 30 days, the buyer can get a discount rate 2%.


What is the formula for net income?

In simplest terms, it is total (gross) income (before taxes) plus benefits minustaxes.


Why product cost is also called inventoriable cost?

Product cost is also called inventoriable cost because the two terms mean the same thing. These terms mean the cost of manufacturing or buying the product, plus whatever the cost of getting the product ready and in place for sale.

Related questions

How do you reconcile payment instructions and transactions in payment plus?

Online auto matched. You match the exceptions


What is two fifths plus two thirds?

1 1/15th or 16/15th


How does supplier receive payment once your payment request in Payment Plus is final-approved?

go to the payment request’s Payment Plus tab to get the account information that I give to the supplier when I make the purchase


Once your payment request in Payment Plus is final-approved how does the supplier receive payment?

go to the payment request’s Payment Plus tab to get the account information that I give to the supplier when I make the purchase


How does the supplier receive payment once your payment request in Payment Plus is final-approved?

go to the payment request’s Payment Plus tab to get the account information that I give to the supplier when I make the purchase


What are the like terms of 3hk plus 8k plus 4h plus 6kh?

The like terms are 3hk and 6kh


How many terms are in 6a plus 9b plus 15?

There are three terms in the given expression.


How you reconcile payment instructions and transactions in payment plus?

Online auto matched. You match the exceptions


How do you find the C programming of the sum of the series 5 plus 55 plus 555 plus . plus n terms?

Find the Sum to n terms of the series 5 5+55+555+ +n Terms


What is a plus a plus a plus a plus b plus b?

a+a+a+a+b+b - add the like terms =4a+2b 4a and 2b cannot be added because they are not like terms.


Will there be another season of Jon and Kate Plus 8 as of December 15th 2009?

no


Stop payment request letter plus sample needed?

Stop payment throught credit card