...15, the time at which the first debt is due: hence the equated time of payment is May 2. Rule.—1. Select the date at which the first debt becomes due,...the average term of credit, estimated from the date selected. NOTE.—When the earliest date is not the first of the month, It is often more convenient...

...March 10, the time at which the first debt is due ; hence the equated time of payment is April 19th. From the above we derive the following Rule. — I....the sum of the products by the sum of the debts, and Hie quotient will be the average term of credit, estimated from the date selected. NOTE. — When the...

...date on which it becomes due, and the latest date on which any sum named in the account becomes due; divide the sum of the products by the sum of the debts, and the quotient will be the number of days to be counted backward from the latest date. &. William Patterson bought goods of Evans...

...the 3d item, to $0000 for 1 mo. ; or, in RULE. — Multiply each debt by its term of credit ; then divide the sum of the products by the sum of the debts. EXERCISE C XXIII. 1. A man owes $1000. Of this $200 is now due, $200 will be due in 3 mos., $400 in...

...which is 2 months, the average term of credit. RULE.—Multiply each debt by its term of credit, and divide the sum of the products by the sum of the debts. The quotient will be the average term of credit. 2. HB Claflin & Co. sold a bill of goods amounting...

...following RULE. /. Multiply each debt by its time of credit and find the sum of the products ; divide this by the sum of the debts and the quotient will be the equated time. EXAMPLES. 1. A merchant owes $2,400, of which $400 is payable in 6 mos., $800 in 10 mos.,...

...March 10, the time at which the first debt is due ; hence the equated time of payment is April 19th. From the above we derive the following Rule. — I....selected. II. Divide the sum of the products by the sum of tht debts, and the quotient will be the average term of credit, estimated from the date selected....

...debt by the time—in months and fractions of a month,— beftveen its occurrence and the zero date, divide the sum of the products, by the sum of the debts, and the quotient is the equated term— in months and hundredths of a month,— counting from the zero date, add the...

...becomes due, multiply each debt by the number of months (or days) which elapse before it becomes due. Divide the sum of the products by the sum of the debts, and the quotient expresses the interval of time to elapse before the average date of payments. Problem. — On the 4th...

...each debt by the term of credit, pint the time between the date of the transaction and the zero date ; divide the sum of the products by the sum of the debts t and the quotient is the equated term. The figures on the extreme left represent the terms of credit;...