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Author Question: Dollar Co sold merchandise to Pound Co on account, 25,500, terms 2/15, net 45 . The Pound Co paid ... (Read 96 times)

vicky

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on: Jul 5, 2018
Dollar Co sold merchandise to Pound Co on account, 25,500, terms 2/15, net 45 . The Pound Co paid the invoice within the discount period. What is amount of sales from the above transactions?
 a. 25,500
  b. 26,010
  c. 24,990
  d. 16,000

Question 2

Match each of the following firms with the one type of business it is considered to be. Each firm can be only one type of business.
 
  a. Service
  b. Merchandising
  c. Manufacturing
  d. Financial services
 
  _____ 1. Bug-a-boo Pest Control
  _____ 2. Toyota
  _____ 3. American Express
  _____ 4. Huntington Bank
  _____ 5. Abercrombie & Fitch
  _____ 6. Merry Maids


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swimkari

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Reply #1 on: Jul 5, 2018
Answer to Question 1

c

Answer to Question 2

a, c, d, d, b, a


vicky

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  • Posts: 586
Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

sailorcrescent

  • Member
  • Posts: 334
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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