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Is it normal for your customer to demand the terms for payment such as 3 percent net 10 or net 90?
Wiki User
∙ 19y ago
It depends how important the customer thinks he is. Generally speaking seller's dictate their terms and buyers either accept it or go elsewhere. As a vendor naturally I want to keep my customers happy and as a buyer I am also conscious of how my behavior affects my vendor. If you're having difficulty with a customer over invoicing you can play hardball with such sayings as 'if you want the monkey to dance you have to pay the organ grinder' or you can explain a situation that you were involved in where a customer played such hardball that the customer was no longer 'valued' and the vendor actually went out of business. At most I would give 1% 10 net 30, try not to give anything more than net 30, after all you're not a bank, if they want to take a loan they can....
Wiki User
∙ 19y ago
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What does payment term of 2 percent tenth Net 25TH mean?
This term is similar to the normal terms (i.e. 2n10 net30) This term however just specifies a date. It means that if the company/person pays by the 10th of the month they can take a 2% discount, with the full balance (net) due by the 25th (with no discount). Company's offer this kind of savings to help entice the buyer to pay off their account early. Although 2 percent doesn't sound like a lot, when dealing with thousands of dollars at a time 2 percent can add up to a huge savings for the purchasing company. 2n10 net30 is 2 percent discount if paid within 10 days of the invoice date, with the net being due 30 days after invoice date.
What is the normal time before a creditor can use a collection agengy to collect a debt?
Generally a Creditor will wait 180 days from the date of the last payment before passing the account to a Collection Agency
Can accounts payable normally have a debit balance?
No, Accounts payable don;t have debit balance as a normal balance and it mayb e happend of debit balance due to more payment then required.
Can you find a person from his bank account?
Yes. You can find a person from his bank account but this cannot be done by everyone. Only law enforcement authorities like cops can have access to this information. They legally have the right to get details pertaining a customer's bank account including his name, address, phone number etc. A normal customer cannot get access to this information.
Is a credit issued to a customer a debit or credit to Accounts Receivable?
Accounts Receivable is classified as an Asset. Assets have a normal Debit balance. If you mean to say that the customer has paid off some of the amount in their account, then the amount is listed on the Credit side and in the Debit side of the Cash account. If they have bought supplies on the account (owe you money) then the amount is put into the Debit side.
What is a positive demand curve?
demand curve tends to be downward sloping (negative) for normal goods. for goods that are perceived to be of superior value to customer (like it serves as a status quo), the higher the price, the higher the quantity demanded. hence, giving a positive demand curve. there are called the veblen goods. Giffen goods also has a positive demand curve.
What is the meaning of demand draft and normal draft?
is any future of demand draft
What happens to demand if income increases and commodity is normal?
Demand also increases.
What does an increase in supply of an item usually mean for a consumer?
lots of supply and low demand = lower prices lots of demand and low supply = higher prices demand and supply high = normal prices demand and supply low = normal prices
Which type of vehicle is in more demand Electric or The normal one?
Electrical vehicle are more in demand
What is 0.45 percent normal saline?
0.05 into percent
What happens to demand for normal and inferior goods when there is a decrease in your income?
the demand for inferior goods varies inversely with income. If your income rises then the demand for rice will decrease. the demand for normal goods varies directly with income. If your income rises the demand for these goods will rise as well. Most goods are normal goods ie, cars, new homes, furniture, steaks, and motel rooms. Economics, Stephen L Slavin 10e
Why is Paypal payment status showing completed but seller is claiming payment pending is this normal?
Give paypal a call to be sure.
What does private customer mean?
it means a normal individual going to business and buying a product this what a private customer means
Are chips and salsa an inferior or normal good?
they can be a normal good ou inferior good its depend where has more demand.
When income increases the demand for this type of good decreases is what?
normal food
Is there a difference between a normal good and inferior good?
Yes, a normal good is a good that's demand increases as your income increases, an inferior good is a good that's demand decreases when income increases. An example of a normal good, is easy to find, most goods are normal, meaning you want more of them when you have more money. An inferior good is something like fast food, as you earn more income, you will usually demand less of it.
