Bally Manufacturing sent Intel Corporation an invoice for machinery with a $13,500 list price. Bally dated the invoice August 5 with 3/10 EOM terms. Intel
Bally Manufacturing sent Intel Corporation an invoice for machinery with a $13,500 list price. Bally dated the invoice August 5 with 3/10 EOM terms. Intel receives a 20% trade discount. Intel pays the invoice on August 18. On August 14, Intel corporation returns $500 of the machinery due to defects.
What does intel pay bally on august 18.
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Step: 1
Step 1 Calculate the net price after the trade discount The trade discount is 20 of the ...
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Authors: David Haddock, John Price, Michael Farina
3rd edition
77639731, 978-0077639730
