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Does the buyer, Washington, qualify for the discount

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

Sales price, $6,000

Terms, (5/10, n/30)

Date of sale, July 10

Date of payment, July 20

Shipping, FOB Destination, $150, prepaid by seller

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

Does the buyer, Washington, qualify for the discount?

Who pays for shipping?

Reference no: EM132645092

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