On January 1, a company made a sale of $87,500, on credit. If the credit terms were 2/10, n/30, what would be the amount of the sales discount be if the payment is received on January 9?
a.$8,750
b.$1750
c.$10,000
d.$26,250
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “On January 1, a company made a sale of $87,500, on credit. If the credit terms were 2/10, n/30, what would be the amount of the sales ...” 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
LO 6.5What is the primary difference between variable costing and absorption costing?
Answers (1)
The President of XYZ Corp. responds most positively to the model that is most cautious. He explains that the budget process is the easiest decision for him because you break it into smaller pieces and build the decisions as you go.
Answers (1)
What happens if you are non-compliant iso-9000 regulations?
Answers (1)
John Grey owns Grey's Snow Plowing. In October, he collects $12,000 cash for 6 commercial accounts for which he will provide snow plowing for the next three months. John recorded the cash collection as an unearned revenue.
Answers (1)
If the next year's dividend is forecast to be $5.00, the constant growth rate is 4%, and the discount rate is 16%, then the current stock price should be:
Answers (1)
New Questions in Business
Jose is considering renting an apartment. He will need to make a?, which the landlord will return 21 days after the end of the rental agreement. He will also need to fill out a?.
Answers (1)
Which government agency deals with counterfeit money?
Answers (1)
Mervon Company has two operating departments: mixing and bottling. Mixing occupies 22,000 square feet. Bottling occupies 18,000 square feet. Indirect factory costs include maintenance costs of $200,000.
Answers (1)
Production and sales estimates for May for Cardinal Co. are as follows: Estimated inventory (units), May 1 17,100 Desired inventory (units), May 31 19,500 Expected sales volume (units) : Territory W 6,100 Territory X 9,700 Territory Y 7,600 Unit
Answers (1)
Which of the following statements about the statement of retained earnings and the statement of stockholders' equity are true?
Answers (1)