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Assume Beta Company uses the perpetual inventory method and engaged in the following transactions: 1) Purchased $15,000 of merchandise on account under terms 2/10, n/30.
Assume Beta Company uses the perpetual inventory method and engaged in the following transactions: 1) Purchased $15,000 of merchandise on account under terms 2/10, n/30. 2) Returned $1,500 (list price) of merchandise to the supplier before payment was made. 3) Paid the account payable within the discount period. 4) Sold the merchandise for $19,500 cash. The net cash flow from operating activities as a result of the four transactions is:
$6,000.
$6,270.
$4,110.
$3,300.
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