Anselmo's Engineering buys circuit boards with a list price of $38,000. If the supplier extends trade discounts of 41/31/11, what is the trade discount amount? A. $4,710.15 B.$8,289.85 C. $13,768.12 D. $24,231.88

Anselmo's Engineering buys circuit boards with a list price of $38,000. If the supplier extends trade discounts of 41/31/11, what is the trade discount amount? A. $4,710.15 B.$8,289.85 C. $13,768.12 D. $24,231.88

Financial Management: Theory & Practice

16th Edition

ISBN:9781337909730

Author:Brigham

Publisher:Brigham

Chapter16: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 8P: Captain Whitman Ship Supplies offers terms of 3/15, net 45. If a purchaser takes the discount and...

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Question

Anselmo's Engineering buys circuit boards with a list price of $38,000. If the supplier extends trade discounts of 41/31/11, what is the trade discount amount?

A. $4,710.15

B.$8,289.85

C. $13,768.12

D. $24,231.88

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