On march 12, klein company, inc. sold merchandise in the amount of $7,800 to babson company, with credit terms of 2/10, n/30. th
e cost of the items sold is $4,500. klein uses the perpetual inventory system. on march 15, babson returns some of the merchandise. the selling price of the merchandise is $600 and the cost of the merchandise returned is $350. babson pays the invoice on march 20, and takes the appropriate discount. the amount that klein receives from babson on march 20 is: $7,800. $7,644. $7,044. $7,056. $7,200.
Given: <span>march 12 - Klein company, inc. sold merchandise in the amount of $7,800 to Babson company, with credit terms of 2/10, n/30 </span><span>march 15 - Babson returns some of the merchandise. the selling price of the merchandise is $600 march 20 - Babson pays the invoice and takes the appropriate discount.
Since March 20 is still within the 10-day discount from date of purchase, Babson is entitled to 2% discount.
For either interval, the value of the sample mean is given by the average of the lower and upper bound of the confidence interval. Since both intervals were constructed by using the same sample, both values should be equal.
Convert 300% into decimals. So move the decimal point 2 times to the left and you get 3.00 and multiply it by 5 and square it because area of square is s^2
