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What is the actual amount needs to pay

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Reference no: EM132739273

Problem 1: The perpetual inventory system is used most commonly by companies that sell

a. high-priced,high-volume merchandise.

b. high-priced, low-volume merchandise.

c. low-priced, high-volume merchandise.

d. low-priced, low-volume merchandise.

Problem 2: ABC Company sold 10 units of goods with a unit list price of P2,000 on Jan. 1, 2020. Given that the trade discount is 5% and the cash discount is 10%, and that the cash discount period is 10 days and the credit period is 30 days if the customer settles the debt on Jan. 28, 2020, what is the actual amount he needs to pay?

a.P 17,100

b. P 19,000

c. P 18,050

d. P 20,000

Reference no: EM132739273

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