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The infants, and nursery department receives an invoice for merchandise with a list price value of $10,750. It is dated January 28 and is paid
The infants, and nursery department receives an invoice for merchandise with a list price value of $10,750. It is dated January 28 and is paid on February 25. Terms are 2/10 EOM, FOB store, with trade discounts of 40% and 10%. Anticipation at 6% is not forbidden. The manufacturer prepaid the freight of $125.
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