Question: quick help one question Merchandise subject to terms 2/10, nV30,FOB shipping point, is sold on account to a customer for 515,400 , What is the

quick help one question

Merchandise subject to terms 2/10, nV30,FOB shipping point, is sold on account to a customer for 515,400 , What is the omaunt of the sales discount allowable? a. 3519 h. 5154 c. 5300 d $401

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

3. (10 points) A seven-segment display indicates a single decimal digit as a subset of lighted segments labeled A through G as shown below, where a 1 in the table indicates that the corresponding...

A sales invoice included the following information: merchandise price, $7,800; terms 1/10, n/eom; FOB shipping point with prepaid freight of $592 added to the invoice. Assuming that a credit for...

1. Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $258,000 and credit sales are $1,000,000. An aging of accounts receivable hows that...

Question 1 Find the best match - A. B. C. D. E. Credit sales - A. B. C. D. E. Debit Inventory - A. B. C. D. E. debit Accounts Receivable - A. B. C. D. E. Credit Accounts Payable - A. B. C. D. E....

Merchandise subject to terms 2/10 n/30, FOB shipping point, is sold on account to a customer for $25,000. What is the amount of the sales discount allowable? for $25,000. What is the amount of the...

5. Merchandise subject to terms 2/10, n/30, FOB shipping point, is sold on account to a customer for $18,500. What is the amount of sales discount allowable? a.$179 b.$121 c.$370 d.$189 9. Norfolk...

The primary difference between a periodic and perpetual inventory system is thek a a. periodic system keeps a record showling the inventory on hand at all times . periodie system determines the...

Multiple Choice: 2 points each 2.When a company ships product to a customer with the terms f.o.b. (free on board) destination, which of the following is true? A) The seller will pay the shipping...

CengageNOWv2| Online teaching and learning resource from Cengage Learning D Merchandise subject to terms 2/10, n/30, FOB shipping point, is sold on account to a customer for $22,100. What is the...

Merchandise subject to terms 2/10, n/30, FOB shipping point, is sold on account to a customer for $14,900. What is the amount of sales discount allowable? a. $142 b. $152 c. $90 Od. $298 Merchandise...

A 60-day, 10% note for $4,800, dated April 15, is received from a customer on account. The face value of the note is a.$4,800 b.$5,280 c. $4,880 d.$480 a. Merchandise subject to terms 2/10, n/30, FOB...

Desert Company purchased machinery for $960,930 on January 1, 2017. Straight-line depreciation has been recorded based on a $60,330 salvage value and a 5-year useful life. The machinery was sold on...

a. The bubble point temperature of a liquid mixture with a molar composition of 55.0 mol% n-hexane and 45.0 mol% n-heptane at 1.00 atm and the composition (mole fractions) of the vapor in equilibrium...

A compilation of your entire online history, habits and electronic profile is called _ _ _ _ _ _ _ _ _ _ _ . Group of answer choices Internet of Things ( IoT ) electronic profile digital personnel...

What do you think of social media as a recruitment tool? Give an example of this activity.

Of the building blocks in the competency model, which competency level is the most important and why?

Discuss different selection tests. Have you ever taken a selection test? Do you think these tests are a good way to select employees? Defend your answer. cussion Boards