Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Miss. K purchased an item with a catalog price of P10,000. The invoice dated March 1 indicates a term of 20%,2/10, n/30. The invoice also
Miss. K purchased an item with a catalog price of P10,000. The invoice dated March 1 indicates a term of 20%,2/10, n/30. The invoice also indicates that the term of the shipment is F.O.B shipping point. The seller paid the freight of P1,000 since the shipping company refuses to load the cargo unless the freight is prepaid. How much is the invoice of the purchase?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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