Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on march 1, bates board shop sells 212 surfboards

On March 1, Bates Board Shop sells 212 surfboards to a local lifeguard station at...

80.2K

Verified Solution

Question

Accounting

On March 1, Bates Board Shop sells 212 surfboards to a local lifeguard station at a sales price of $488 per board. The cost to Bates is $239 per board. The terms of the sale are 5/15, n/30, with an invoice date of March 1. If the customer made the payment on March 10, how much cash did Bates Board Shop receive? Round to the nearest penny, two decimal places

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

Basic Math
1.2K views

Let X and Y be two independent random variables. Assume that X is Negative- Binomial(2, θ) and...

Chemistry
1.2K views

Calculate the pH of a titration of 50.00 mL of 0.100 M Phenylacetic acid , Ka...

Programming
1.2K views

Write a function softMax(x) to return a 1darray of softmax function values ??=???−?∑?−1?=0???−?fi=exi−m∑j=0K−1exj−m for ?=0,2,⋯,?−1i=0,2,⋯,K−1, where ?x...

Psychology
1.2K views

According to the group development model, which of the following set of issues need to be...

Calculus
1.2K views

Bonus Madison wants to swim across a lake from point A to point B but...

Calculus
1.2K views

True or false y x cosa is a solution of the differential equation y y...

Accounting
1.2K views

Business Solutions had the following transactions and events in December 2015....

Accounting
1.2K views

Addison, Incorporated makes a single product, an indoor fireplace, and has provided data from last...

Accounting
1.2K views

The key element that protects an auditor against common law liability is Multiple Choice...

Accounting
1.2K views

Cougar's manufacturing costing system uses a three-part classification of direct materials, direct manufacturing labor, and...

Accounting
1.2K views

Tambin Inc, produces a gasoline additive that, when added to the gas tank of the...

Accounting
1.2K views

Evaluate the advantages and disadvantages of alternatives to discounted cash flows. Describe a scenario in...