Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Majestic Manufacturing sold Jordans Furniture a living room set for an $8,520 list price with 25% trade discount. The $110 freight (FOB shipping point) was
Majestic Manufacturing sold Jordans Furniture a living room set for an $8,520 list price with 25% trade discount. The $110 freight (FOB shipping point) was not part of the list price. Terms were 2/10, n/30 ROG. The invoice date was June 01. Jordans received the goods on July 20 and paid the invoice on July 22. What was the final price (include cost of freight) of the living room set? (Round your answer to the nearest cent.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started