Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. merchandise with an invoice price of $5000 is purc

merchandise with an invoice price of $5000 is purchased subject to terms of 2/10, n/30,...

80.2K

Verified Solution

Question

Accounting

merchandise with an invoice price of $5000 is purchased subject to terms of 2/10, n/30, FOB destination. Transportation costs paid by the seller totaled $125. What is the cost of the merchandise if paid within the discount period.

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

Finance
1.2K views

You want to create a portfolio equally as risky as the market, and you have $1,200,000...

Biology
1.2K views

in a study of a population of field mice, you find that 49% of the mice have...

Mechanical Engineering
1.2K views

A steel shaft is to be manufactured either as a solid circular bar or as a...

Finance
1.2K views

A proposed project to build handicap ramps for side-load vans requires an investment of $1,500,000, to...

Basic Math
1.2K views

Use deductive reasoning to arrive at a conclusion based on the assumptions given.(a) ASSUMPTIONS(b) ASSUMPTIONS1....

Basic Math
1.2K views

The average number of years a person takes to complete a graduate degree is 3....

Accounting
1.2K views

Foto Company makes 9,000 units per year of a part it uses in the products...

Accounting
1.2K views

The Foundational 15(Algo)[LO13-2, LO13-3, LO13-4, LO13-5, LO13-6] Skip to question ...

Accounting
1.2K views

On January 22, Erin Corporation issued for cash 24,000 shares of no-par common stock at...

Accounting
1.2K views

Bond Premium, Entries for Bonds Pavable Transactions 12%, receving cash of $6,462,212. Interest on the...

Accounting
1.2K views

You will present a selected clause "DISPUTE RESOLUTION " from the Sample Services Agreement. Your...

Accounting
1.2K views

How can you use the decision making and the problem making process to make short...