Garden Company purchased merchandise on account from Parker Company for $88,000 with terms 1/15, net 45. Garden Company returned $12,000 of the merchandise and received full credit from Parker Company. If Garden Company pays within the discount period, what is the amount of cash required for payment? a.$75,240 b.$76,000 c.$87,120 d.$88,000
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Garden Company purchased merchandise on account from Parker Company for $88,000 with terms 1/15, net 45. Garden Company returned $12,000 of ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
The last dividend paid by Wilden Corporation was $1.55. The dividend growth rate is expected to be constant at 1.5% for 2 years, after which dividends are expected to grow at a rate of 8.0% forever. The firm's required return (rs) is 12.0%.
Answers (1)
Which of the following statements does not invoke interpersonal utility comparisons? Select one: a. The total utility a millionaire derives from $100 is less than the total utility a poor person derives from $100. b.
Answers (1)
The Latin term "ceteris paribus" means: A. that if event A precedes event B, A has caused B. B. that economics deals with facts, not values. C. other things equal. D. prosperity inevitably follows recession.
Answers (1)
On December 31, 2019, Ling Co. estimated that 2% of its net accounts receivable of $450,000 will become uncollectible. The company recorded this amount as an addition to Allowance for Doubtful Accounts.
Answers (1)
Which of the following is NOT true regarding personal finance today? A. The Internet has made it easy to access personal financial products. B. There has been an increase in nonbank financial service providers. C.
Answers (1)
New Questions in Business
Which of the following would increase the future value of a single cash flow? (A) decrease in the cash flow (B) an increase in the interest rate (C) a decrease in the time period (D) a decrease in the time period
Answers (1)
Diaz Company owns a machine that cost $250,000 and has accumulated depreciation of $182,000. Prepare the entry to record the disposal of the machine on January 1 in each seperate situation.
Answers (1)
Which of the following is considered to be an intangible or less visible cost that companies may incur when ethical wrongdoing is discovered and punished? A. A) Costs of providing remedial education and ethics training to company personnel B.
Answers (2)
What matters to people is the face value of money or income. a. True b. False?
Answers (1)
Conversion to an e-commerce or m-commerce system enables organizations to increase the accuracy of order processing and order fulfillment. a. True b. False
Answers (1)