Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. merchandise subject to terms 2/10, n/30, fob shipp

Merchandise subject to terms 2/10, n/30, FOB shipping point, is sold on account to a...

70.2K

Verified Solution

Question

Accounting

Merchandise subject to terms 2/10, n/30, FOB shipping point, is sold on account to a customer for $20,700. What is the amount of sales discount allowable?

a.$211

b.$148

c.$202

d.$414

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

On January 1, 2018 WAG entered into a non-cancellable leaseagreement with PE for the...

Basic Math
1.2K views

Review these Skill Builders (and all of the other Course Materials): -Evaluating p-values -Statistical Power Identify the...

Psychology
1.2K views

In your opinion, does law create social change, or does social change affect law? Use at...

Biology
1.2K views

Why is genetic variation so sought after and important when organisms reproduce A It ensures...

Physics
1.2K views

Two particles P and Q start their motion from same point along same straight line...

Basic Math
1.2K views

Reading proficiency: An educator wants to construct a 99% confidence interval for the proportion of...

Algebra
1.2K views

Find the sum of the arithmetic series if a1 34 n 18 and d 9...

Accounting
1.2K views

On Jan 1, 20x1, AAA Corporation purchased 25% of the common shares of BBB Corporation...

Accounting
1.2K views

Contact Support 100% Remaining Time: 27 minutes, 22 seconds. = Question Completion Status: QUESTION 14...

Accounting
1.2K views

Crystal, Inc. is a merchandiser of stone ornaments. The company sold 6,000 units during the...

Accounting
1.2K views

All standards issued by the IASC have been withdrawn when IASB been in charge instead...

Accounting
1.2K views

Exercise 9.7 (Algo) Preparing a bank reconciliation statement. LO 9-9, 9-10 Baxter Office Supplies received...