Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on april 4, a company purchased merchandise having

On April 4, a company purchased merchandise having an invoice price of $65,000. Cash discount...

60.1K

Verified Solution

Question

Accounting

On April 4, a company purchased merchandise having an invoice price of $65,000. Cash discount terms were 2/10, n/60. Freight charges were $450 with terms FOB Shipping Point. What is the net cost of the inventory to the buyer if payment was made on April 14?

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

Advance Math
1.2K views

Consider the following Markov chain with P{X0 = 2} = 0.6 and P{X0 = 4} =...

Statistics
1.2K views

A machine is used to fill containers with a liquid product. Fill volume can be assumed...

Biology
1.2K views

Translation of new proteins occurs in the nucleus.O TrueO False

Biology
1.2K views

Which one of the following things is NOT performed by proteins Select one O a...

Physics
1.2K views

A disc of mass m and radius R is rolling without slipping on a horizontal...

Accounting
1.2K views

A Corp, B Corp, and C Corp each plan to pay a dividend of $3.25...

Accounting
1.2K views

please help Crane, Inc, manufactures golf clubs in three models. For...

Accounting
1.2K views

If the Prepaid Insurance account had a balance of $12,000, representing one year's policy premium,...

Accounting
1.2K views

In a job order costing system, a manufacturing firm typically uses a cost driver rate...

Accounting
1.2K views

I need assitance with figuring the the value for retained earnings \begin{tabular}{|c|c|c|} \hline...

Accounting
1.2K views

Dep Name Dept Type Total Costs XFacilityX Support 31 XHuman ResourcesX Support 74 XAutomotiveX Production...

Accounting
1.2K views

You owe $25,000 on student loans at an interest rate of 5.15% compounded monthly. You...