Question
On March 1, Bates Board Shop sells 271 surfboards to a local lifeguard station at a sales price of $472 per board. The cost to
On March 1, Bates Board Shop sells 271 surfboards to a local lifeguard station at a sales price of $472 per board. The cost to Bates is $182 per board. The terms of the sale are 4/15, n/30, with an invoice date of March 1.
If the customer made the payment on March 10, how much cash did Bates Board Shop receive? Round to the nearest penny, two decimal places.
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Accounting Best Practices
Authors: Steven M. Bragg
3rd Edition
0471444286, 978-0471444282
