Credit terms of 2/10, n/45 mean: multiple choice a) payment in full is due 2 days after date of the invoice. b) if the invoice is paid within 10 days of its date, a 2% discount may be taken; otherwise the total amount is due in 35 days. c) if the invoice is paid within 10 days of its date, a 2% discount may be taken; otherwise the total amount is due in 45 days. d) payment in full is due 45 days after date of the invoice with no discount offered.

What are the main advantages and disadvantages of organizing a firm as a c corporation? the advantages are: (select all the choices that apply.) a. there is no limit on the number of owners a c corporation may have, thus allowing the corporation to raise substantial amounts of capital. b. the life of the business can continue beyond the death of any of the owners. c. the corporation can use the assets of the owners to pay for corporate liabilities. this attracts smaller investors to the corporation. d. the liability of the owners is limited to the amount of their investment in the firm. the disadvantages are: (select all the choices that apply.) a. income to a c corporation is subject to double taxation, once at the corporate level and again when received by the owners in the form of a dividend. b. the life of the business usually ends with the death of any of the owners. c. the c corporation is more complicated and more expensive to set up than other business entities. d. corporate liabilities can be passed on to the share

In a chapter 7 bankruptcy, a debtor:

Suppose that a firm is considering moving from a batch process to an assembly-line process to better meet evolving market needs. what concerns might the following functions have about this proposed process change: marketing, finance, human resources, accounting, and information systems?