Question
On February 5 your business sold inventory worth $56000 to a customer for $42000. You shipped it FOB shipping point and the terms were 2/15,n/30.
On February 5 your business sold inventory worth $56000 to a customer for $42000. You shipped it FOB shipping point and the terms were 2/15,n/30. The next day, the appropriate party paid the freight company $1100. Four days later the customer returned 20% of his order. You received payment on February 20.
How much did the customer pay you?
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Merchandising Math A Managerial Approach
Authors: Doris Kincade, Fay Gibson, Ginger Woodard
1st Edition
0130995886, 978-0130995889
