On Sept. 1, Jerry's Lighting purchased merchandise with a list price of $12,500 with credit terms of 2/10, n/30; freight of $400 prepaid and added to the invoice. On Sept. 3, Jerry's returns $1,300 of the merchandise. If payment is made within the discount period, the total amount paid by Jerry's Lighting is:
A. 11,600.
B. 10,640.
C. 11,264.
D. 11,368.
Answer: C
You might also like to view...
When land is purchased to construct a new building, the cost of removing any structures on the land should becharged to the building account
a. True b. False Indicate whether the statement is true or false
The contribution margin ratio is the percent of each sales dollar that remains after deducting the unit variable cost.
Answer the following statement true (T) or false (F)
In a short essay, list and discuss the four primary scales of measurement. Include an example of how each scale of measurement is used in marketing research
What will be an ideal response?
Which of these statements is true about panels?
A) Relatively large amounts of data can be collected. B) Panel data can be more accurate than cross-sectional data. C) Panels may not be representative. D) All of the above statements are correct.