Geographic Considerations & Seasonal Dating PDF

GROUP 6 GEOGRAPHIC CONSIDERATIONS & SEASONAL DATING Presented by: AGAPAY, KRIS CEL JANE DIAMANTE, MERYL MAE MICUTUAN, METCHELLENE  GEOGRAPHIC CONSIDERATIONS th e te rm s o f sa...

GROUP 6 GEOGRAPHIC CONSIDERATIONS & SEASONAL DATING Presented by: AGAPAY, KRIS CEL JANE DIAMANTE, MERYL MAE MICUTUAN, METCHELLENE  GEOGRAPHIC CONSIDERATIONS th e te rm s o f sa le s, pa rt ic u larl y in ne ss tra n sa ct ion s ofte n d ic ta te In busi inst a n ce , a d is ta n ce ca n a ffe ct ti m e lin e s. F o r in te rna tio n a l tr ad e w h e re d or o ffe r a lo ng er d is co u n t p eri od m a y e xt e nd th e pa ym e n t p e ri o seller o d ate lo n ge r sh ipp in g ti m es. to accomm  tio n of th e bu ye r, an d ac co rd ingly an ce s, th e selle r re cogn izes the distant loca In a number of inst es en te d by an ex tr a 30 da ys time in e m atte r of te rm s. Th is may be re pr makes a conc es sion in th us , where r th e taking of th e discou nt. Th y the bi ll, or by al lo w in g a long er period fo which to pa pa id 15 da ys from its date. rily be de du ctible only if the bill is the discount w ou ld or dina EXAMPLE a re ta ile r in th e Un ite d St ates m igh t offer terms selling to A furniture manufacturer in Canada vo ice fro m th e date of the has 30 da ys to pa y th e in of “Net 30," meaning the US retailer Ch ina, th ey might offer ufac tu re r se lls to a re taile r in invoice. However, when the same man ys to pa y th e invoice from e Ch in es e re ta ile r ha s 60 da terms of “Net 60, R.O.G." meaning th the date they receive the goods. SEASONAL DATING is a business practice where an advantage is given, in terms of extended payment terms, to customers who buy merchandise out of season. The “regular terms” of trade usually apply to shipments of orders received for delivery at once. However, in many lines of a seasonal nature, it is necessary to place so-called “advance” orders, that is, orders for later delivery, to coincide with the market demand. Such orders give the manufacturer or importer time to get the merchandise ready thus to enable him better to plan to operate more economically. He may receive the orders in advance, which are to be shipped at a certain date. EXAMPLE iler or de ring st oc k in w in te r w ith te rm s of “N et A swimsuit reta g, ” m ea ni ng th ey ha ve 90 da ys to pa y th e 90, Seasonal Datin th e st ar t of th e su m m er se as on. Th is pr ac tic e invoice from m an ag e th eir ca sh flo w m or e ef fe ct ivel y allows businesses to ym en t sc he du les w ith th ei r se as on al in co m e. by aligning pa Thank's For Listening!