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When should be the last day of payment

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Problem A. On January 1, A sold inventory to B with a credit term of 3/10; n/45. When should be the last day of payment?

a. January10

b. January 11

c. January 31

d. None of the above is correct

Problem B.

Cost of Goods Sold, P5,000,000

Net Income, P2,000,000

Sales, P10,000,000

How much should be the operating expenses?

a. 3,000,000.00

b. 8,000,000

c. 5,000,000

d. Cannot be determined by these facts

Reference no: EM132737870

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