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Author Question: A retailer purchases merchandise with a catalog list price of 30,000 . The retailer receives a 15 ... (Read 92 times)

jake

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on: Jul 5, 2018
A retailer purchases merchandise with a catalog list price of 30,000 . The retailer receives a 15 trade discount and credit terms of 2/10, n/30 . How much cash will be needed to pay this invoice within the discount period?
 a. 30,000
  b. 24,900
  c. 29,400
  d. 24,990

Question 2

Contributed capital is also called ________.
 
  A) paid-in capital
  B) retained earnings
  C) investments
  D) non-current liabilities


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enass

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

d

Answer to Question 2

A


jake

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Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

mjenn52

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Reply 3 on: Yesterday
Excellent

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