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A company purchases merchandise with a catalog price of $23,500. The company receives a 30% trade discount from the seller. The seller also offers credit
A company purchases merchandise with a catalog price of $23,500. The company receives a 30% trade discount from the seller. The seller also 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?
a. $7,379
b. $7,050
c. $16,650
d. 12,379
e. $16,121
Desjardin landscaping income statement reports net income of $74,200 which includes deductions for interest expense of $12,200 and income taxes of $35,700. Its times interest earned is:
.16
3.9
6.1
10.
7.1
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