Solution-Calculate the amount of the cash paid on july

Calculate the amount of the cash paid on july

Reference no: EM132060546

Question - A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of merchandise. On July 8, it paid the full amount due. The amount of the cash paid on July 8 equals:

A. $200.

B. $1,564.

C. $1,568.

D. $1,600.

E. $1,800.

Reference no: EM132060546

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Calculate the amount of the cash paid on july

Reference no: EM132060546

Reference no: EM132060546

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Accounting Basics Questions & Answers

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Theory of interest - term structure of interest rates

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What is the expected risk premium on the portfolio

Simple interest and compound interest

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Assured A++ Grade

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