A company purchased $3200 of merchandise on July 5 with terms 1/10, n/30. On July 7, it returned $350 worth of merchandise. On July 8, it paid the full amount due. The amount of the cash paid on July 8 equals:
A. $3200.
B. $2821.5.
C. $2850.
D. $350.
E. $2818.
Answer: B
You might also like to view...
________ are consumer promotion offers to consumers of savings off the regular price of a product, flagged on the label or package
A) Coupons B) Rebates C) Price packs D) Premiums E) Samples
In which stage of the ACE process does a communicator determine the best medium to use in providing the bad news?
A) Analyzing B) Addressing C) Composing D) Critiquing E) Evaluating
A corporation had current year net income of $237,500. It paid preferred dividends of $40,000 cash and had 480,000 weighted-average shares of common stock outstanding. Calculate the corporation's earnings per share.
What will be an ideal response?
Managers can use CVP analysis to handle risk and uncertainty
Indicate whether the statement is true or false