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QUESTION 5 Questions Q#5-Q#6, inclusive, are based on information in this fact pattern. The firm sold goods with an invoice amount of $6,200. The sales
QUESTION 5 Questions Q#5-Q#6, inclusive, are based on information in this fact pattern. The firm sold goods with an invoice amount of $6,200. The sales terms were 3/10, net 30. 20% of these goods were returned by the buyer the next day because they were the wrong size. QW5: How much is the seller owed by the buyer immediately after the goods are returned? The amount owed has to be what is owed after 20% of the goods are returned and without any consideration for the discount terms offered to the buyer. QUESTION 6 The firm sold goods with an invoice amount of $6,200. The sales terms were 3/10, net 30. 20% of these goods were returned by the buyer the next day because they were the wrong size, Q#6: How many dollars should the buyer pay the seller when paying within the discount period (but after the return of goods as described above? [l used a +/- factor of $3 here. Do not worry about which way to round your answer when entering your answer in whole dollars 1
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