A retailer purchases merchandise with a catalog list price of $28,600. The retailer receives a 22% trade discount and has credit terms of 2/10, n/30. How much cash will be needed to pay this invoice within the discount period (Round your answer to the nearest dollar)? Oa. $22,308 Ob. $21,862 Oc. $22,880 Od. $28,600
A retailer purchases merchandise with a catalog list price of $28,600. The retailer receives a 22% trade discount and has credit terms of 2/10, n/30. How much cash will be needed to pay this invoice within the discount period (Round your answer to the nearest dollar)? Oa. $22,308 Ob. $21,862 Oc. $22,880 Od. $28,600
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![A retailer purchases merchandise with a catalog list price of $28,600. The retailer receives a 22% trade discount and has credit terms of 2/10, n/30. How much cash will
be needed to pay this invoice within the discount period (Round your answer to the nearest dollar)?
Oa. $22,308
Ob. $21,862
Oc. $22,880
Od. $28,600](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa1558921-527b-42f7-9d38-fccd1f223afc%2F99d50ad8-c367-4e4e-b24b-96071d562796%2Fn6ag1q.png&w=3840&q=75)
Transcribed Image Text:A retailer purchases merchandise with a catalog list price of $28,600. The retailer receives a 22% trade discount and has credit terms of 2/10, n/30. How much cash will
be needed to pay this invoice within the discount period (Round your answer to the nearest dollar)?
Oa. $22,308
Ob. $21,862
Oc. $22,880
Od. $28,600
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