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A firms sells $100 of merchandise on account to a customer with terms 2/10,n/30. The merchandise has a cost of $60 to the firm. Gross

A firms sells $100 of merchandise on account to a customer with terms 2/10,n/30. The merchandise has a cost of $60 to the firm. Gross Method: Net Method: At Time of Sale If Customer pays in Discount period If Customer Pays after discount period

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