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21 September, 11:45

On December 28, 2021, Tristar Communications sold 15 units of its new satellite uplink system to various customers for $10,000 each. The terms of each sale were 3/15, n/30. Tristar uses the net method to account for sales discounts. In what year will income before tax be affected by discounts, assuming that all customers paid the net-of-discount amount on January 6, 2022

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  1. 21 September, 13:55
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    Answer:in 2022 the income before task will be reduced to $1500

    Explanation: income task in 2022 will be reduced by $1500, the amount of cash discount : $10000 x 15 = $150000x 1% = $1500
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