The quote, "Where you tend a rose, my lad, a thistle cannot grow," referred to --- A. Dickon teaching Colin the correct way to plant and weed the rosebushes in the secret garden B. Colin learning to think positive thoughts instead of discouraging and fearful ones C. Mrs. Sowerby telling Mrs. Craven that Colin needed sympathy, love, and attention to improve D. Ben explaining that roses ruin the soil so that other plants cannot thrive

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Answer 1

Answer:

Final Answer:

The buyer lost a cash discount of $140 by not taking advantage of the vendor's credit terms.

Explanation:

The vendor's credit terms, 2/15, n/45, indicate that the buyer can take a 2% cash discount if the payment is made within 15 days. In this case, the buyer failed to take advantage of the discount and paid the invoice in full after 45 days. To calculate the discount lost, we can find 2% of the purchase amount, which is $7,000.

2% of $7,000 = 0.02 * $7,000 = $140.

Therefore, the buyer lost a cash discount of $140 by not paying within the 15-day discount period.

The buyer's failure to avail the vendor's credit terms of 2/15, n/45, meant missing out on a 2% cash discount that could have been applied if the invoice was settled within 15 days. As a result, the buyer ended up paying the full invoice amount after 45 days, forfeiting the opportunity to save $140, which was the value of the cash discount.

This discount represents a cost-saving incentive for prompt payments and is a crucial aspect of managing cash flow efficiently in business transactions.

Learn more about Vendor's credit terms

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Answer:

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Answer:

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Explanation:

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Answer:

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Answer:

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Explanation:

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