Orders placed for buying shares of a mutual fund any time up to 4:00 p.m. are priced at that day’s net asset value (NAV), and or
1 answer:
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Answer:
Amount of cash flow will be $2328
So option (B) will be the correct answer
Explanation:
We have given total merchandise = $4000
And return merchandise = $1600
Here means if Sheridan Company makes the payment within 10 days then he will get discount of 3 % as in the question he makes the payment within 10 days so he will will get 3 % discount
Now amount of cash received = total merchandise - return merchandise
= $4000 - $1600 = $2400
Now discount is 3 %
So after discount amount received
So option (B) will be the correct answer