Merchandise with an invoice price of $5,000 is purchased on September 2 subject to terms of 2/10,

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Merchandise with an invoice price of $5,000 is purchased on September 2 subject to terms of 2/10, n/30 and FOB destination. Freight costs paid by the seller amounted to $200.

What is the cost of the merchandise if it is paid for on September 12, assuming the discount is taken?

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Corporate Financial Accounting

ISBN: 9781337398169

15th Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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Posted Date: Apr 20, 2023 01:28 AM

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Merchandise with an invoice price of $5,000 is purchased on September 2 subject to terms of 2/10,

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The terms of 210 n30 means that the buyer can take a 2 discount if they pay within 10 d... View the full answer

Corporate Financial Accounting

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