A retailer pays on credit for $650 worth of inventory, terms 3/10, n/40. If the merchandiser pays

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A retailer pays on credit for $650 worth of inventory, terms 3/10, n/40. If the merchandiser pays within the discount window, how much will the retailer remit in cash to the manufacturer?
A. $19.50
B. $630.50
C. $650
D. $195

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Principles Of Accounting Volume 1 Financial Accounting

ISBN: 9781593995942

1st Edition

Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax

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Question Posted: Aug 11, 2022 02:36 AM

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A retailer pays on credit for $650 worth of inventory, terms 3/10, n/40. If the merchandiser pays

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Principles Of Accounting Volume 1 Financial Accounting

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