On October $1,$ ABC purchases $100$ units of inventory from XYZ for $$100$ per unit. These units had a cost of $$60/$unit for XYZ$.$ The terms of the sale are $1/15$ n$/45.$ On October $5,$ ABC returns $10$ units to XYZ $($there are no defects with the returned units$).$ ABC pays for the inventory on October $9.$ On October $22,$ ABC sells $10$ units of the inventory purchased on October $1$ for $$200$ per unit on credit.

 

 

What is the total net income earned by XYZ in October as a result of these events?

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To calculate the total net income earned by XYZ in October as a result of the events described we ne... View the full answer