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Regal Spas, Inc., purchased $17,400 worth of inventory from the Pool Palace on account, terms of 1/10, n/30. Some of the goods were damaged during
Regal Spas, Inc., purchased $17,400 worth of inventory from the Pool Palace on account, terms of 1/10, n/30.
Some of the goods were damaged during shipment, so Regal Spas, Inc., returns $1,600 of the merchandise to the Pool Palace. How much must, Regal Spas, Inc., pay the Pool Palace
Please help how to solve b. step by step. I provided the answer options below.
the boxes can have these answers: COST OF INVENTORY, COST OF INVENTORY, NET RETURN, PURCHASE DISCOUNT, PURCHASE RETURN
a. How much must Regal Spas, Inc. pay the Pool Palace after the discount period? Determine the amount that Regal Spas must pay the Pool Palace if they pay after the discount period by selecting the formula and completing the calculation. Cost of inventory Purchase return Payment due after discount period $ 15,800 $ 17,400 $ 1,600 b. How much must Regal Spas, Inc. pay the Pool Palace within the discount period? Determine the amount that Regal Spas must pay the Pool Palace if they pay within the discount period by selecting the formula and completing the calculation. Payment due within discount periodStep by Step Solution
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