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xxTIMURxx [149]
3 years ago
11

Tamarisk, Inc. sells merchandise on account for $2500 to Culver Company with credit terms of 2/15, n/30. Culver Company returns

$200 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check
Business
1 answer:
denis23 [38]3 years ago
7 0

Answer:

$2,254

Explanation:

The computation of the amount of the check is shown below:

= Sale value of merchandise - returned goods - discount amount

where,

Sale value of merchandise is $2,500

Returned goods is $200

And, the discount is 2% of $2,300 = $46

So, the amount of the check is

= $2,500 - $200 - $46

= $2,254

We simply applied the above formula so that the correct amount could come

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According to the given question, the newspaper industry is one of the example of joint operating agreement in which two companies are permitted for combining their business. Therefore, Joint operating agreement is the correct answer.

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3 years ago
When a company uses the allowance method to measure bad​ debts, ________.
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5 0
2 years ago
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lakkis [162]

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