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  3. 5.1 5.1.1 5.1.2 answer the following questions fro

5.1 5.1.1 5.1.2 Answer the following questions from the information provided below: Rannal Stores intents...

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Accounting

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5.1 5.1.1 5.1.2 Answer the following questions from the information provided below: Rannal Stores intents sailing a stove on credit. The selling price of the stove is R5 000 The mark-up on the coll price is 50% Credit terms of 2/10 net 60 were agreed upon. The cost of capital to Bennet Stores is 15%. Calculate the profit that Bennet Stores would make if the account is settled within the discount period. Should the customer fail to pay the amount due and the account is written off after 90 days, how much would be the loss to Bannet Stores

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