« previous next »

Author Question: Norfolk Sporting Goods purchases merchandise with a catalog list price of 30,000 . The retailer ... (Read 107 times)

clippers!

  • Hero Member
  • *****
  • Posts: 828
on: Jul 5, 2018
Norfolk Sporting Goods purchases merchandise with a catalog list price of 30,000 . The retailer receives a 30 trade discount and credit terms of 2/10, n/30 . What amount should Norfolk debit to the Merchandise Inventory account?
 a. 21,000
  b. 20,580
  c. 30,000
  d. 29,400

Question 2

Valid input data are appropriately authorized and represent actual economic events and objects.
  Indicate whether the statement is true or false


cat123

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

T


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

clippers!

  • Hero Member
  • *****
  • Posts: 828
Reply #2 on: Jul 5, 2018
Thank you :)


cat123

  • Sr. Member
  • ****
  • Posts: 310
Reply #3 on: Jul 5, 2018
Happy to help you


« previous next »
 

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Abnormalities of the Spine, Scoliosis, Kyphosis, Lordosis, List Abnormalities of the Spine, Scoliosis, Kyphosis, Lordosis, List
Alan Price - Poor People Alan Price - Poor People
Interpret Tabular List Conventions Interpret Tabular List Conventions
Medical Office To Do List Medical Office To Do List
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ... Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...
Major Vitamins List Major Vitamins List
Video: Chloroplast Structure & Light Dependent Reactions (Photosystem 1 and 2 Cyclic Electron Flow)

For a complete list of videos, visit our video library