A customer pays on credit for $1,250 worth of merchandise, terms 4/15, n/30. If the customer pays
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A customer pays on credit for $1,250 worth of merchandise, terms 4/15, n/30. If the customer pays within the discount window, how much will they remit in cash to the retailer?
A. $1,250
B. $1,200
C. $50
D. $500
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Value of goods sold 1250 4 15 n 30 means that the payment if paid by the customer within 15 da...View the full answer
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Related Book For 
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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