Question
Bally Manufacturing sent Intel Corporation an invoice for machinery with a $13,700 list price. Bally dated the invoice August 07 with 4/10 EOM terms. Intel
Bally Manufacturing sent Intel Corporation an invoice for machinery with a $13,700 list price. Bally dated the invoice August 07 with 4/10 EOM terms. Intel receives a 40% trade discount. Intel pays the invoice on August 20. On August 14, Intel Corporation returns $700 of the machinery due to defects. What does Intel pay Bally on August 20?
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Cost Management Accounting And Control
Authors: Don R. Hansen, Maryanne M. Mowen
4th Edition
0324069731, 978-0324069730
