Question
Long Company purchased goods with the following terms and details: Sales price, $15,000 Terms, 1/10, n/30 Date of sale, September 4 Date of payment, September
Long Company purchased goods with the following terms and details:
Sales price, $15,000 Terms, 1/10, n/30 Date of sale, September 4 Date of payment, September 15 Returns and allowances (before payment), $1,700 Shipping, FOB Destination, $195, prepaid by seller
Required:
Compute the amount that Long Company has to pay to the seller for the goods.
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Financial Management For Public, Health, And Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
6th Edition
150639681X, 978-1506396811
