Refer a friend and earn $50 when they subscribe to an annual planRefer Now

Get the answer to your homework problem.

Try Numerade Free for 30 Days

Like

Report

A retailer pays on credit for $650 worth of inventory, terms 3/10, n/40. If the merchandiser pays within the discount window, how much will the retailer remit in cash to the manufacturer?A. $\$ 19.50$B. $\$ 630.50$C. $\$ 650$D. $\$ 195$

No Related Courses

Chapter 6

Merchandising Transactions

Section 3

Analyze and Record Transactions for Merchandise Purchases Using the Perpetual Inventory System

Money and Prices in the Long Run

04:34

A customer pays on credit …

05:26

A retailer returns $\$ 400…

04:59

A car dealership sells a c…

04:42

A customer returns $\$ 690…

01:05

Flea Markets. $\quad$ A ve…

02:06

A business suit has a whol…

01:42

Express the selling price …

01:17

Bianka has a credit line o…

01:38

Solve each problem.A m…

03:25

Greg's January closin…

Okay, so we will understand the meaning law that I did domes. Okay, order by that we will understand that. What is the popular methodology? Okay. Who laid down correct by the supplier? A friend of the customer. Okay, So victory for domes live down by suppliers incident Best away. Who would do that? Him idiot gash. Okay, so now we have returned the technical definition of credit terms. However, we will in less time that what is the popular methodology? Okay, so we will go to buy an example that they won't right to support There is mystery who is a customer and that is Mr C, who is a supplier of work. So Mr C supplies works over 1000. Okay, you know what happens Mr Mr C all just said that if you will be if you will pay within five days the night you get then I will give you who percentage this out. $1000 payment. Otherwise you will have to pay. Begin 62 days. Okay, so I will repeat it again. Listen carefully back Mr C second study that if you will pay me the $1000 if you will pay me within five days. The amount I will give you 2% discount on $1000. Otherwise, okay, if you don't, if you do not pay within fight, then you will have to pay. But in 60 days at the maximum. So let's suppose Mr a base for Mr C within fighting. So what is the net amount that is to be paid. Tomorrow will be $1000. Okay, one minus, boy zero. Because this town, this town will be deducted from the full amount. Okay, So what will be the moment night if he knows. Okay, so I need to notice Would be a Mr See if Mr Reappeared within five minutes. So that is the case with the current portion. Also, that 6 $50. So how will we compute neck among if 6 $50 will be paired with in the within the next domes. So this point, this point in the ocean is three. So the customer will be allowed 3% pages felt 3% system. Okay? And that is coming out to be six. Technique, bite fight. Okay. Okay. So that is the correct choice. Which matches with choice choice Beef. Okay. However, you can write down. Whatever it in so far, that is the concrete solutions to the current question. Okay, we're choice because the correct answer, that's all for the solution. Thank you.

View More Answers From This Book

Find Another Textbook

A customer pays on credit for $\$ 1,250$ worth of merchandise, terms $4 / 15…

A retailer returns $\$ 400$ worth of inventory to a manufacturer and receive…

A car dealership sells a car to a customer for $\$ 35,000$ . The customer ma…

A customer returns $\$ 690$ worth of merchandise and receives a full refund.…

Flea Markets. $\quad$ A vendor sells tool chests at a flea market for $\$ 65…

A business suit has a wholesale price of $\$ 150.00 .$ A department store&#x…

Express the selling price of a computer system that a store buys for $\$ 635…

Bianka has a credit line of $\$ 8,000 .$ She had a previous balance of $\$ 5…

Solve each problem.A merchant increases the wholesale cost of a Maytag w…

Greg's January closing balance on his credit card was $-\$ 1320 .$ In F…

06:38

On which of the following would the year-end Retained Earnings balance be st…

05:36

If a journal entry includes a debit or credit to the Cash account, it is mos…

02:02

Which of the following assets require the strongest of internal controls?

05:28

If current assets are $\$ 112,000$ and current liabilities are $\$ 56,000,$ …

03:16

Which of the following is true of a maturity date?A. It must be calculat…

08:22

Which process of the accounting cycle often requires the most analytical tho…

04:58

Which of the following accounts would be reported under operating expenses o…

06:52

All of the following increase owner’s equity except for which one?A. gai…

11:24

Which of the following is the principle that a company must recognize revenu…

04:47

If a customer pays with a credit card and the service has been provided, whi…

92% of Numerade students report better grades.

Try Numerade Free for 30 Days. You can cancel at any time.

Annual

0.00/mo 0.00/mo

Billed annually at 0.00/yr after free trial

Monthly

0.00/mo

Billed monthly at 0.00/mo after free trial

Earn better grades with our study tools:

Textbooks

Video lessons matched directly to the problems in your textbooks.

Ask a Question

Can't find a question? Ask our 30,000+ educators for help.

Courses

Watch full-length courses, covering key principles and concepts.

AI Tutor

Receive weekly guidance from the world’s first A.I. Tutor, Ace.

30 day free trial, then pay 0.00/month

30 day free trial, then pay 0.00/year

You can cancel anytime

OR PAY WITH

Your subscription has started!

The number 2 is also the smallest & first prime number (since every other even number is divisible by two).

If you write pi (to the first two decimal places of 3.14) backwards, in big, block letters it actually reads "PIE".

Receive weekly guidance from the world's first A.I. Tutor, Ace.

Mount Everest weighs an estimated 357 trillion pounds

Snapshot a problem with the Numerade app, and we'll give you the video solution.

A cheetah can run up to 76 miles per hour, and can go from 0 to 60 miles per hour in less than three seconds.

Back in a jiffy? You'd better be fast! A "jiffy" is an actual length of time, equal to about 1/100th of a second.