On April 2, merchandise costing $15,400 reaches the retailer located in New Orleans. The invoice is dated March 22 and has terms of 8/10 EOM. The invoice is paid on April 10. If the merchandise is shipped FOB New Orleans, charges reversed, with transportation charges of $300, how much should be remitted?
On April 2, merchandise costing $15,400 reaches the retailer located in New Orleans. The invoice is dated March 22 and has terms of 8/10 EOM. The invoice is paid on April 10. If the merchandise is shipped FOB New Orleans, charges reversed, with transportation charges of $300, how much should be remitted?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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chapter 4
8. On April 2, merchandise costing $15,400 reaches the retailer located in New Orleans. The invoice is dated March 22 and has terms of 8/10 EOM. The invoice is paid on April 10. If the merchandise is shipped FOB New Orleans, charges reversed, with transportation charges of $300, how much should be remitted?
(Present your answer with a comma separator, dollar-sign, and rounded to the penny (i.e. $1,234.56).)
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