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Apple Inc. purchased inventory on credit from Samsung Electronics for $50,000 with credit terms of 2/10, n/30. Calculate: a) The amount Apple Inc. needs to
Apple Inc. purchased inventory on credit from Samsung Electronics for $50,000 with credit terms of 2/10, n/30. Calculate: a) The amount Apple Inc. needs to pay if they avail the discount. b) The effective cost of the inventory if they avail the discount. c) The amount of discount if paid within the discount period. d) The net amount saved by availing the discount.
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