If a company charges 0.8 percent interest monthy on a monthly balance what is the interest per annum?

What is one of the advantages of drop shipping?

What is it called when a vendor ships out a product, then an invoice and then finally collects a payment at a later time?

True or false? It is always advantageous to pay an invoice as quickly as possible.

What is an assumed receipt?

Do the rebates procurement card vendors offer exceed discount offers for prompt payment?

At what stage in the Accounts Payable process is cash affected?

Why is it important for companies to manage their Accounts Payable?

When are invoices treated as having been paid short?

The correct journal entry to record a purchase of inventory on credit using a perpetual inventory system includes:

A firm makes all its purchases on credit basis. Cash payment on trade credit is required in the month following the purchase on 70% of all the purchases. The firm takes a 2?sh discount and makes payment for the remaining 30% of all the purchases in the month of purchase.The forecasted purchases for January through April are worth $300,000, $375,000, $450,000, and $300,000 respectively. What will be the total cash disbursement for purchases in the month of March?