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A buyer of $8,900 in merchandise inventory failed to take advantage of the vendor's credit terms of 3/15, n/45, and instead paid the invoice in
A buyer of $8,900 in merchandise inventory failed to take advantage of the vendor's 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
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$267.
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$89.
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$100.
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$1,335.
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$890.
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