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On JulyJuly 1, HewittHewitt Corp. made a sale of $ 640 comma 000$640,000 to PepsiPepsi, Inc. on account. Terms of the sale were 33/5, n/30.
On JulyJuly 1, HewittHewitt Corp. made a sale of $ 640 comma 000$640,000 to PepsiPepsi, Inc. on account. Terms of the sale were 33/5, n/30. HewittHewitt uses the expected-value method assuming that there is aa 90 %90% chance that the customer will not take the discount when accounting for sales discounts. Ignore cost of goods sold and the reduction of inventory
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