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A buyer of $8,300 in merchandise inventory failed to take advantage of the vendors credit terms of 3/15, n/45, and instead paid the invoice in
A buyer of $8,300 in merchandise inventory failed to take advantage of the vendors credit terms of 3/15, n/45, and instead paid the invoice in full at the end of 45 days. By not taking advantage of the cash discount, the buyer lost the discount of:Multiple Choice$830.$100.$83.$249.$1,245.
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Cost Accounting A Managerial Emphasis International
Authors: Charles T. Horngren, Srikant M. Datar, George Foster
11th Edition
8120323548, 978-8120323544
