Roswell Company purchases inventory from Clear Pool Supplies on June 1. The sales terms on the invoice
Question:
Roswell Company purchases inventory from Clear Pool Supplies on June 1. The sales terms on the invoice from Clear Pool Supplies are 3/10, n/30. What does this mean? What is Roswell’s potential savings, if any? How much time does the company have to take advantage of these savings?
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310 n30 means that Roswell Company will get a 3 discount if they pay the invoic...View the full answer
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Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
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Related Book For 
Financial Accounting
ISBN: 978-0134725987
12th edition
Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
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