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Determine if smith the buyer qualifies for a cash discount

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Smith Company purchased goods from Edwards with the following terms and details.

Sales price,            $12,000

Terms,                 (2/10, n/30)

Date of sale,            November 3

Date of payment,   November 16

Shipping, FOB Destination, $95, prepaid by seller

Question problem 1: Determine if Smith, the buyer, qualifies for a cash discount, and who pays for shipping, Smith or Edwards.

Reference no: EM132466107

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