Question
Bailey Company purchased goods with the following terms and details: Sales price, $13,000 Terms, 3/10, n/30 Date of sale, May 7 Date of payment, May
Bailey Company purchased goods with the following terms and details:
Sales price, $13,000 Terms, 3/10, n/30 Date of sale, May 7 Date of payment, May 18 Returns and allowances (before payment), $1,800 Shipping, FOB Destination, $180, prepaid by seller
Required:
Compute the amount that Bailey Company has to pay to the seller for the goods.
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Strategic Market Management
Authors: David A. Aaker
4th Edition
0471309567, 9780471309567
