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Nina [5.8K]
3 years ago
5

A company purchased $10,000 of merchandise on June 15 with terms of 3/10, n/45, and FOB shipping point. The freight charge, $500

, was added to the invoice amount. On June 20, it returned $800 of that merchandise. On June 24, it paid the balance owed for the merchandise taking any discount it is entitled to. The cash paid on June 24 equals:
Business
1 answer:
olchik [2.2K]3 years ago
3 0

Answer:

the cash paid as on June 24 is $9,424

Explanation:

The computation of the cash paid as on June 24 is as follows:

= Merchandise cost + Freight charge - Purchase returns - Discount Eligible at 3%

= $10,000 + $500 - $800 - [($10,000 - $800) × 0.03]

= $10,000 + $500 - $800 - $276

= $9,424

Hence, the cash paid as on June 24 is $9,424

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Answer:

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Sustainability aims to look at the provision or meeting of needs or obligations at present and future times, making sure that none affects the other.

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Cheers

5 0
4 years ago
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