Question: Cash and Discount. Manigotagan Corp. received an invoice dated on August 11th with an amount of $60,700.00 and the goods on August 13th. The terms

Cash and Discount. Manigotagan Corp. received an invoice dated on August 11th with an amount of $60,700.00 and the goods on August 13th. The terms on the invoice are 4/10, n/30 EOM, how much did Manigotagan pay on September 2nd? O a. $60,700.00 O b. $58,272.00 $58,365.38 C. O d. $63,229.17

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!