Question
Marvel Enterprises is a retail entity. On April 22 Marvel ordered 2,000 units of merchandise from vendor, mission Company. The good s were listed in
Marvel Enterprises is a retail entity. On April 22 Marvel ordered 2,000 units of merchandise from vendor, mission Company. The good s were listed in Mission's catalog at 16 per unit, because Mission values Marvel as a customer,Marvel was able to negotiate a 4% trade discount and payment terms of2/10,n/30.Mission carries the inventory on its books at a historical cost of $12 per unit. Mission fulflled the order quickly and shipped the goods on April 26.FOB Destination with $600 of freight prepaid. The goods arrived at Marvel's location on May 2 and on this date Marvel returned200 units to Mission.Marvel paid the invoice in full on May 3rd. How much cash will Marvel pay on May 3 to settle the invoice in full? [When calculating your answer, if necessary,please round your purchase discount to the nearest $1
$28,224 $27,083 $27,095 $27,695 $27,683
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