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A buyer of $8,100 in merchandise Inventory failed to take advantage of the vendor's credit terms of 3/15, n/45, and instead paid the invoice in full at the end of 45 days. By not taking advantage of the cash discount, the buyer lost the discount of. Multiple Choice O $810. О $1,215. O $81. $100. $243.

A buyer of $8,100 in merchandise Inventory failed to take advantage of the vendor's credit terms of 3/15, n/45, and instead paid the invoice in full at the end of 45 days. By not taking advantage of the cash discount, the buyer lost the discount of. Multiple Choice O $810. О $1,215. O $81. $100. $243.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A buyer of $8,100 in merchandise Inventory failed to take advantage of the vendor's credit terms of 3/15, n/45, and instead paid the invoice in full at the end of 45 days. By not taking advantage of the cash discount, the buyer lost the discount of. Multiple Choice O $810. О $1,215. O $81. $100. $243.
Transcribed Image Text:A buyer of $8,100 in merchandise Inventory failed to take advantage of the vendor's credit terms of 3/15, n/45, and instead paid the invoice in full at the end of 45 days. By not taking advantage of the cash discount, the buyer lost the discount of. Multiple Choice O $810. О $1,215. O $81. $100. $243.
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