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weeeeeb [17]
2 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]2 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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The Ayayai Corp. purchased $7990 worth of laundry supplies on June 2 and recorded the purchase as an asset. On June 30, an inven
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3 years ago
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2 years ago
Consider a call option on an asset with an exercise price of $100, a put option on that same asset with an exercise price of $10
zubka84 [21]

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Raed more on the uniform commercial code here: brainly.com/question/15980446

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