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Determine the buyer qualifies for a cash discount

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Reference no: EM132626606

Question - Harris Company purchased goods from Torres with the following terms and details.

Sales price, $8,000

Terms, (3/10, n/30)

Date of sale, October 10

Date of payment, October 22

Shipping, FOB Destination, $150, prepaid by seller

Determine if Harris, the buyer, qualifies for a cash discount, and who pays for shipping, Harris or Torres.

Does the buyer, Harris, qualify for the discount?

Who pays for shipping?

Reference no: EM132626606

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