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Questions: 1) On January 15 Nifty Company sells merchandise on account to Martinez Associates for $3,000 with terms 3/10, n/30. On January 20, Martinez returns
Questions:
1) On January 15 Nifty Company sells merchandise on account to Martinez Associates for $3,000 with terms 3/10, n/30. On January 20, Martinez returns merchandise worth $600 to Nifty. On January 24, payment is received from Martinez for the balance due. What is the amount of cash received? a. $2, 400 b. $2, 328 c. $2, 310 d. $1, 680Step by Step Solution
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