Asked by lydia snyder on Jul 08, 2024

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Determine the amount of credit (or cash refund) to be earned on a full return of merchandise purchased with an invoice price of $5,000 and credit terms of 2/10, n/30 when full payment was made within the discount period.
$ ________

Credit Terms

Conditions under which credit is extended by a seller to a buyer, detailing the repayment period, interest rate, and other rules governing the borrowing.

  • Recognize the impact of merchandise returns and allowances on accounts payable and merchandise inventory.
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MH
Malina HernandezJul 11, 2024
Final Answer :
$4,900