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On October 1, 2020, Franklin, Inc. purchases $5,000 worth of hockey pucks from Bear, Inc. Bear sells Franklin the hockey pucks with terms 3/15, n/30

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On October 1, 2020, Franklin, Inc. purchases $5,000 worth of hockey pucks from Bear, Inc. Bear sells Franklin the hockey pucks with terms 3/15, n/30 F.O.B. destination. Franklin receives the hockey pucks on October 5, 2020. On October 10th 2020, Franklin informs Bear that $500 worth of hockey pucks are defective and gives them back to Bear who accepts the defective pucks and gives Franklin a $500 credit in the form of a purchase return. On October 11th, 2020, in addition to the returned hockey pucks, Bear gives Franklin a $250 purchase allowance for being a great customer. Franklin pays Bear the remaining amount owed to Bear on October 14th 2020. A. When Franklin paid Bear on October 14th, how much of a discount did Franklin take? $ B. How much did Franklin pay Bear for the hockey pucks on October 14th? $ C. How much did Franklin owe Bear on October 6th? $______ D. Assume that Franklin paid Bear on October 31, 2020. How much should Franklin pay? $ E. How much did Franklin owe Bear on October 2nd? $

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