Question
A company purchases merchandise for $26,500. The seller offers credit terms of 2/10, n/30. Assuming no returns were made and that payment was made within
A company purchases merchandise for $26,500. The seller offers credit terms of 2/10, n/30. Assuming no returns were made and that payment was made within the discount period, what is the net cost of the merchandise?
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$26,500.
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$2,650.
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$18,550.
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$25,970.
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$8,450.
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Managerial Accounting
Authors: John J. Wild, Ken W. Shaw
2010 Edition
9789813155497, 73379581, 9813155493, 978-0073379586
