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weeeeeb [17]
3 years ago
8

On June 15th, Buehler Company sells merchandise on account to Chaz Co. for $1,000, terms 2/10, n/30. On June 20th, Chaz Co. retu

rns merchandise worth $300 to Buehler Company. On June 24th, payment is received from Chaz Co. for the balance due. What is the amount of cash received?
Business
1 answer:
mestny [16]3 years ago
6 0

Answer:

$ 686

Explanation:

Given:

Amount paid = $ 1000

Discount offered = 2/10 = 2%

Value of returned merchandise = $ 300

Cash received = $ 1000 - $ 300 = $ 700

now 2 % deduction for the return within the given return period

thus,

net cash received = $ 700 - ( 2% of $ 700 )

or

net cash received = $ 700 - $ 14

hence,

net cash received = $ 686

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<h3>What is content management system?</h3>

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4 0
1 year ago
Why would a merger reduce costs? Why would a merger increase markups? Why do many mergers fail nonetheless?
Yuri [45]
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5 0
3 years ago
Student loans, car loans, and housing loans are good examples of
vivado [14]
Long term liabilities 
3 0
3 years ago
May, Inc. had the following transactions in 2019, its first year of operations: Issued 22,000 shares of common stock. The stock
tatuchka [14]

Answer:

The amount of paid-in capital        $

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Amount of paid-in capital               260,000

The correct answer is C

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6 0
3 years ago
Simon Company’s year-end balance sheets follow.
klemol [59]

Answer:

The answer is given below;

Explanation:

Days sales in inventory-2017= Average Inventory/Cost of goods sold*365

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3 years ago
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