Mazarico grants terms of 3/10, n/30 to its customers. Monica makes a $500 purchase from Mazarico...

 

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Mazarico grants terms of 3/10, n/30 to its customers. Monica makes a $500 purchase from Mazarico and settles the invoice within 20 days. In Monica's accounting records, what amount of money is recorded as being paid to Mazarico? $500 $485 None of the other alternatives $150 Mazarico grants terms of 3/10, n/30 to its customers. Monica makes a $500 purchase from Mazarico and settles the invoice within 20 days. In Monica's accounting records, what amount of money is recorded as being paid to Mazarico? $500 $485 None of the other alternatives $150

Answer rating: 100% (QA)

The terms 310 n30 mean that a buyer can take a 3 discount i... View the full answer