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Short essay on the key factors important to fiscal policy

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Reference no: EM13497376 , Length: 1400 Words

Silver Co sold merchandize to Bronze Co. on account, $23,000, terms 2/14, net 45. The cost of the merchandize sold is $18,500. Silver Co. issued a credit memorandum for $2,599 for merchandize returned that originally cost $1,900. The Bronze Co. paid the invoice within the discount period. What is the amount of net income earned by Silver Co. on the above transaction

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Words Count: 1400-1500

Reference no: EM13497376

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