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What are some complementary goods for shampoo?
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What are produce goods andconsumrr goods?
Consumer goods are market ready goods, producer goods are the input materials needed to manufacture consumer goods.
What is the meaning of income goods?
income goods means goods that were not used by producers. And outcome goods called produced goods
Suppose a customer purchases only 2 goods Can both goods be luxury goods?
The goods are deserts The goods are deserts
Are all giffen goods a inferior goods?
Yes, but not all inferior goods are Giffen goods!
What is the difference between ex-works and FOB?
Exworks: The seller is responsible for the goods till the factory outlet and after outlet, the buyer is responsible for goods, customs till the buyer's door. FOB(Free on Board): The seller is responsible for the goods till the port of departure where customs will be be looked after by seller and after departure from the seller's port, the buyer is responsible for the goods till the buyer's door.
Payment due 30 days EOM?
30 Days EOM is a payment for goods that is due 30days from the END OF the MONTH (EOM) that the goods were invoiced in. Let's say you have a 30 day EOM account with Goodyear tyres. You purchase goods from them in the month of January. According to 30 day EOM terms, payment for these goods will be due on the last day of the FOLLOWING month, which will be the end of February.
What is the accounting term for monies that represent servicesproduct delivered but not yet invoiced?
Accounts receivable / Cash. When it's invoiced it will take money out of cash and into the product or service account.
How long does a company have to pay after you have invoiced them as a contractor?
What does your contract have to say?
Invoiced means what?
request for payment i.e. billTypically a request for payment.
What happens to over recoveries of invoiced amounts?
Ethically speaking has to be paid back.
What is the purpose of entering the amount from the invoice?
Verification that the amount invoiced matches the amount ordered and received
A product shipped on February 1st but invoiced on January 31st should be recorded as revenue for?
February
What does it mean if an order has been invoiced?
It means the invoice has been created. The invoice is the document that is a request to pay for the goods. If the payment has already been made, the invoice may still be issued but shown 'receipted'. In business, invoices are the way that the company keeps track of the amounts of money that are owed to it by customers.
What is the definition of memo billing?
ITS A ENTRY THAT HAS NO TERMS OF PAYMENT. IT ALLOWS YOU TO KEEP TRACT OF ITS VALUE (WORTH) TO BE INVOICED OR WRITEN OFF AT A LATER DATE. ?????
What does payment terms of Net 45 days mean?
It means the enitre amount of the bill is due within 45 days, from which the bill was invoiced.
What does 210 net 30 mean?
20% discount off the invoiced amount if paid within 10 days, otherwise pay the full invoiced amount within 30 days. It's a nice way to give your customers a discount for paying within 10 days, while speeding up the process of getting your money. A win/win.
