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Question 5 Details of invoices for purchases of merchandise are as follows: Merchandise Freight Terms 20 pts Returns and Allowances a. $5,100 $80 FOB
Question 5 Details of invoices for purchases of merchandise are as follows: Merchandise Freight Terms 20 pts Returns and Allowances a. $5,100 $80 FOB shipping point, 2/10, n/20 $700 b. 17,200 70 FOB destination, n/30 1100 11,300 65 FOB shipping point, 3/20, n/45 3000 d. 2200 30 FOB destination, 1/10, n/com Determine the amount to be paid in full settlement of each of the invoices, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period A. B. C D.
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