Question
City Electronics purchased inventory with an invoice price of $2,100 plus GST of $210. The credit terms are 1.5/10, n/30. What is the cash paid
City Electronics purchased inventory with an invoice price of $2,100 plus GST of $210. The credit terms are 1.5/10, n/30. What is the cash paid by City Electronics if the amount is paid within the discount period (rounded to the nearest dollar)?
| a. | $2,069 | |
| b. | $2,037 | |
| c. | $2,275 | |
| d. | $2,132 |
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A Guide To Auditing Programmes And Projects
Authors: Andrew Schuster, APM Assurance SIG
1st Edition
191330521X, 978-1913305215
