Brown Company purchased goods with the following terms and details: Sales price, $7,000 Terms, 4/10, n/30...

 

Transcribed Image Text:

Brown Company purchased goods with the following terms and details: Sales price, $7,000 Terms, 4/10, n/30 Date of sale, October 4 Date of payment, October 14 Returns and allowances (before payment), $700 Shipping, FOB Shipping Point, $65, prepaid by seller Required: Compute the amount that Brown Company has to pay to the seller for the goods. Brown Company purchased goods with the following terms and details: Sales price, $7,000 Terms, 4/10, n/30 Date of sale, October 4 Date of payment, October 14 Returns and allowances (before payment), $700 Shipping, FOB Shipping Point, $65, prepaid by seller Required: Compute the amount that Brown Company has to pay to the seller for the goods.

Answer rating: 100% (QA)

To compute the amount that Brown Company has to pay to the seller for the goods we n... View the full answer