How much will hockey pay bruins and the end of the discount

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Reference no: EM133492917

Case: On January 2, 2023, The Bruins Old Seat LLC (Bruins) sold 250 chairs to The Hockey Arena Co(Hockey). The cost of each chair was $200. The sales terms were 3/8, n/50. The shippingterms were Free on Board Shipping Point. The shipping and insurance costs totaled $625.
On January 4th - Hockey returned 30 chairs and received a full refund

On January 7th -- Hockey discovered 70 chairs had minor defects but were still saleable. Bruinsgranted Hockey an allowance of $350

On January 15th - Hockey returned anothe( 10 chairs and received a full refund

Requirement: answer each of the following scenarios as if they are independent of each other

(1) Scenario #1 - lf Hockey pays 25% of the total due to Bruins before the end of the Discount Period, how much will Hockey pay Bruins and the end of the Discount Period?

(2) Scenario #2 if hockey pays the full amount due to burins at the end of the cerdit period, how much will Hockey pay Bruins

Reference no: EM133492917

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