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Merchandise subject to terms 1/10, n/30, FOB shipping point, is sold on account to a customer for $14,965. The seller paid transportation costs of $896
Merchandise subject to terms 1/10, n/30, FOB shipping point, is sold on account to a customer for $14,965. The seller paid transportation costs of $896 and issued a credit memorandum for $5,956 prior to payment. What is the amount of the cash discount allowable?
Merchandise subject to terms 1/1o, n/30, FOB shipping point, is sold on account to a customer for $14,965. The seller paid transportation costs of $896 and issued a credit memorandum for $5.956 prior to payment. What is the amount of the cash discount allowable? Select the correct answer O $90 $81 $151 2 $142Step by Step Solution
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